Petra Diamonds Limited (LON:PDL – Get Free Report)’s stock price fell 11% during trading on Friday. The stock traded as low as GBX 2.20 and last traded at GBX 2.67. 2,207,579 shares changed hands during mid-day trading, an increase of 722% from the average session volume of 268,693 shares. The stock had previously closed at GBX 3.
Petra Diamonds Stock Down 17.0%
The company has a market capitalization of £8.83 million, a P/E ratio of -0.03, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45. The company has a 50-day moving average of GBX 5.04 and a two-hundred day moving average of GBX 11.19. The company has a quick ratio of 3.52, a current ratio of 1.67 and a debt-to-equity ratio of -3,777.78.
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.
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