Gem Diamonds (LON:GEMD) Stock Price Down 18.9% – Time to Sell?

Shares of Gem Diamonds Limited (LON:GEMDGet Free Report) traded down 18.9% during mid-day trading on Monday . The company traded as low as GBX 10.50 and last traded at GBX 10.50. 1,778,981 shares traded hands during trading, an increase of 148% from the average daily volume of 716,774 shares. The stock had previously closed at GBX 12.95.

Gem Diamonds Stock Performance

The company has a debt-to-equity ratio of 20.53, a quick ratio of 1.09 and a current ratio of 2.38. The firm has a market cap of £14.70 million, a P/E ratio of -0.14, a P/E/G ratio of 0.18 and a beta of 1.29. The company’s 50 day moving average is GBX 5.53 and its 200 day moving average is GBX 4.51.

Gem Diamonds Company Profile

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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.

Further Reading

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