Gem Diamonds (LON:GEMD) Trading Down 9.5% – Here’s What Happened

Gem Diamonds Limited (LON:GEMD – Get Free Report) was down 9.5% during trading on Wednesday . The stock traded as low as GBX 3.65 and last traded at GBX 3.65. Approximately 581,410 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 437,376 shares. The stock had previously closed at GBX 4.04.

Gem Diamonds Trading Up 3.6%

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 firm has a market capitalization of £6.13 million, a PE ratio of -0.06, a P/E/G ratio of 0.18 and a beta of 1.23. The company’s fifty day simple moving average is GBX 3.60 and its 200-day simple moving average is GBX 3.83.

Gem Diamonds Company Profile

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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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