Petra Diamonds Limited (LON:PDL – Get Free Report) rose 10.8% on Monday. The stock traded as high as GBX 3.59 and last traded at GBX 2.88. Approximately 3,341,874 shares were traded during trading, an increase of 1,208% from the average daily volume of 255,569 shares. The stock had previously closed at GBX 2.60.
Petra Diamonds Price Performance
The stock’s 50-day moving average is GBX 5.16 and its two-hundred day moving average is GBX 11.33. The company has a current ratio of 1.67, a quick ratio of 3.52 and a debt-to-equity ratio of -3,777.78. The company has a market capitalization of £10.64 million, a PE ratio of -0.04, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45.
About Petra Diamonds
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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