Gem Diamonds (LON:GEMD) Trading 74.7% Higher – What’s Next?

Gem Diamonds Limited (LON:GEMDGet Free Report) traded up 74.7% during mid-day trading on Wednesday . The stock traded as high as GBX 6 and last traded at GBX 4.98. 18,255,744 shares were traded during trading, an increase of 1,556% from the average session volume of 1,102,109 shares. The stock had previously closed at GBX 2.85.

Gem Diamonds Price Performance

The company’s fifty day moving average is GBX 3.07 and its 200 day moving average is GBX 3.98. The stock has a market cap of £6.97 million, a PE ratio of -0.64, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82.

About Gem Diamonds

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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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