Gem Diamonds (LON:GEMD) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3.58 and traded as high as GBX 4.56. Gem Diamonds shares last traded at GBX 4.56, with a volume of 1,729 shares trading hands.

Gem Diamonds Stock Performance

The company has a debt-to-equity ratio of 25.27, a current ratio of 2.34 and a quick ratio of 1.09. The stock has a market capitalization of £6.38 million, a PE ratio of -0.06, a P/E/G ratio of 0.18 and a beta of 1.20. The stock has a 50 day moving average of GBX 3.98 and a two-hundred day moving average of GBX 3.58.

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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