Shares of Petra Diamonds Limited (LON:PDL – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 9.17 and traded as low as GBX 2.61. Petra Diamonds shares last traded at GBX 3.25, with a volume of 396,243 shares.
Petra Diamonds Trading Down 26.1%
The company has a debt-to-equity ratio of -3,777.78, a quick ratio of 3.52 and a current ratio of 1.67. The company’s 50 day moving average is GBX 5.37 and its 200 day moving average is GBX 9.07. The stock has a market capitalization of £9.22 million, a price-to-earnings ratio of -0.03, a PEG ratio of 0.17 and a beta of 1.45.
Petra Diamonds Company Profile
Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in two underground mines in South Africa (Cullinan and Finsch Mines) and one open pit mine in Tanzania (Williamson). In January 2025, Petra announced that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra’s interest in Williamson.
Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability.
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