Gem Diamonds (LON:GEMD) Hits New 1-Year Low – Time to Sell?

by · The Cerbat Gem

Shares of Gem Diamonds Limited (LON:GEMD – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as GBX 2.75 and last traded at GBX 2.89, with a volume of 642734 shares trading hands. The stock had previously closed at GBX 3.10.

Gem Diamonds Stock Down 6.5%

The firm has a market capitalization of £4.05 million, a P/E ratio of -0.37, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a fifty day simple moving average of GBX 3.20 and a 200 day simple moving average of GBX 4.62. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82.

About Gem Diamonds

(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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