Gem Diamonds Limited (OTCMKTS:GMDMF – Get Free Report)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $0.14 and traded as high as $0.1621. Gem Diamonds shares last traded at $0.1621, with a volume of 41,000 shares traded.
Gem Diamonds Stock Performance
The business has a 50-day moving average price of $0.14 and a two-hundred day moving average price of $0.07.
Gem Diamonds Company Profile
Gem Diamonds Limited is a diamond mining company focused on the exploration, recovery and sale of high-quality rough diamonds. Its principal asset is the Letšeng diamond mine in Lesotho, which the company operates through a joint venture with the Government of Lesotho. Letšeng is known for producing large, high-value diamonds and is regarded as one of the world’s highest-elevation diamond mines.
Gem Diamonds acquired its interest in Letšeng in 2006 and has since recovered several notable stones, including the 603-carat Lesotho Promise.
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