Gem Diamonds (LON:GEMD) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Gem Diamonds Limited (LON:GEMD – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3.66 and traded as high as GBX 4.59. Gem Diamonds shares last traded at GBX 4.21, with a volume of 161,972 shares traded.

Gem Diamonds Price Performance

The stock has a market capitalization of £5.89 million, a PE ratio of -0.06, a PEG ratio of 0.18 and a beta of 1.20. The company has a current ratio of 2.34, a quick ratio of 1.09 and a debt-to-equity ratio of 25.27. The company’s 50 day simple moving average is GBX 3.98 and its 200 day simple moving average is GBX 3.66.

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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