Gem Diamonds (LON:GEMD) Stock Price Down 2.3% – Here’s What Happened

by · The Cerbat Gem

Shares of Gem Diamonds Limited (LON:GEMD – Get Free Report) fell 2.3% during trading on Tuesday . The company traded as low as GBX 2.66 and last traded at GBX 2.90. 796,500 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 766,938 shares. The stock had previously closed at GBX 2.97.

Gem Diamonds Trading Down 8.0%

The company has a debt-to-equity ratio of 30.82, a current ratio of 1.56 and a quick ratio of 1.09. The stock’s 50-day moving average is GBX 3.11 and its two-hundred day moving average is GBX 4.35. The company has a market cap of £3.89 million, a P/E ratio of -0.35, a P/E/G ratio of 0.18 and a beta of 1.51.

Gem Diamonds Company Profile

(Get Free Report)

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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