Gem Diamonds (LON:GEMD) Trading Down 2.3% – Time to Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report) shares dropped 2.3% during mid-day trading on Monday . The company traded as low as GBX 2.66 and last traded at GBX 2.90. Approximately 796,500 shares changed hands during trading, an increase of 4% from the average daily volume of 766,938 shares. The stock had previously closed at GBX 2.97.

Gem Diamonds Stock Down 2.3%

The firm’s fifty day simple moving average is GBX 3.14 and its 200-day simple moving average is GBX 4.38. The company has a market cap of £4.06 million, a PE ratio of -0.37, a P/E/G 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.

Gem Diamonds Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Gem Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.