Petra Diamonds (LON:PDL) Reaches New 12-Month Low – Here’s What Happened

Petra Diamonds Limited (LON:PDL – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 8.80 and last traded at GBX 8.80, with a volume of 929292 shares trading hands. The stock had previously closed at GBX 9.50.

Petra Diamonds Trading Down 7.4%

The company has a current ratio of 1.67, a quick ratio of 3.52 and a debt-to-equity ratio of -3,777.78. The firm has a 50-day moving average of GBX 16.14 and a 200 day moving average of GBX 16.80. The company has a market cap of £29.52 million, a P/E ratio of -0.10, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45.

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About Petra Diamonds

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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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