Karelian Diamond Resources (LON:KDR) Shares Up 10% – Time to Buy?

Karelian Diamond Resources Plc (LON:KDR)’s share price rose 10% on Tuesday . The stock traded as high as GBX 1 and last traded at GBX 0.99. Approximately 685,105 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 1,316,049 shares. The stock had previously closed at GBX 0.90.

Karelian Diamond Resources Trading Down 1.8%

The stock has a market cap of £1.74 million, a P/E ratio of -5.20 and a beta of 0.42. The firm’s fifty day moving average price is GBX 0.61 and its two-hundred day moving average price is GBX 0.57. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.06 and a quick ratio of 0.11.

About Karelian Diamond Resources

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.