Petra Diamonds (LON:PDL) Reaches New 12-Month Low – Time to Sell?

Shares of Petra Diamonds Limited (LON:PDL) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 6.50 and last traded at GBX 6.60, with a volume of 163227 shares trading hands. The stock had previously closed at GBX 7.06.

Petra Diamonds Stock Down 6.5%

The firm has a market cap of £22.14 million, a price-to-earnings ratio of -0.08, a P/E/G ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of -3,777.78, a current ratio of 1.67 and a quick ratio of 3.52. The stock has a 50-day moving average of GBX 10.47 and a 200-day moving average of GBX 14.87.

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.