Gem Diamonds Limited (LON:GEMD – Get Free Report) shares traded up 4.4% on Wednesday. The stock traded as high as GBX 9.85 and last traded at GBX 9.50. Approximately 880,617 shares changed hands during trading, an increase of 26% from the average daily volume of 699,184 shares. The stock had previously closed at GBX 9.10.
Gem Diamonds Stock Up 4.4%
The stock has a fifty day moving average of GBX 8 and a 200-day moving average of GBX 5.28. The firm has a market capitalization of £13.30 million, a price-to-earnings ratio of -0.14, a PEG ratio of 0.18 and a beta of 1.29. The company has a current ratio of 2.38, a quick ratio of 1.09 and a debt-to-equity ratio of 20.53.
About Gem Diamonds
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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