Gem Diamonds (LON:GEMD) Shares Down 8.2% – What’s Next?

Gem Diamonds Limited (LON:GEMDGet Free Report) shares dropped 8.2% on Monday . The stock traded as low as GBX 3.60 and last traded at GBX 3.60. Approximately 185,664 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 525,183 shares. The stock had previously closed at GBX 3.92.

Gem Diamonds Stock Performance

The stock has a market capitalization of £5.04 million, a P/E ratio of -0.05, a PEG ratio of 0.18 and a beta of 1.20. The firm has a 50-day moving average of GBX 3.99 and a 200 day moving average of GBX 3.68. The company has a quick ratio of 1.09, a current ratio of 2.34 and a debt-to-equity ratio of 25.27.

About Gem Diamonds

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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.

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