Gem Diamonds Limited (LON:GEMD – Get Free Report)’s stock price rose 74.7% on Wednesday . The stock traded as high as GBX 6 and last traded at GBX 4.98. Approximately 18,255,744 shares changed hands during mid-day trading, an increase of 1,556% from the average daily volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Stock Performance
The stock’s 50-day simple moving average is GBX 3.03 and its 200 day simple moving average is GBX 3.98. The company has a market capitalization of £6.97 million, a PE ratio of -0.64, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56.
Gem Diamonds Company Profile
Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
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