Gem Diamonds (LON:GEMD) Sets New 52-Week High – Should You Buy?

Gem Diamonds Limited (LON:GEMD – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 8 and last traded at GBX 6.46, with a volume of 6649798 shares changing hands. The stock had previously closed at GBX 5.60.

Gem Diamonds Stock Performance

The company’s fifty day simple moving average is GBX 3.76 and its two-hundred day simple moving average is GBX 3.92. The company has a debt-to-equity ratio of 25.27, a quick ratio of 1.09 and a current ratio of 2.34. The stock has a market capitalization of £9.04 million, a P/E ratio of -0.09, a PEG ratio of 0.18 and a beta of 1.22.

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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