Rockwell Diamonds (OTCMKTS:RDIAF) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Rockwell Diamonds Inc. (OTCMKTS:RDIAF – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.02 and traded as low as $0.0120. Rockwell Diamonds shares last traded at $0.0250, with a volume of 287,400 shares trading hands.

Rockwell Diamonds Stock Performance

The business has a 50 day moving average price of $0.02 and a two-hundred day moving average price of $0.02.

About Rockwell Diamonds

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Rockwell Diamonds Inc was a Canadian diamond mining company focused on the exploration, development and operation of alluvial diamond deposits. Alluvial diamonds are recovered from gravel and sediment deposited by rivers, rather than from traditional hard-rock mines.

The company’s principal activities were conducted in South Africa’s Northern Cape province, particularly along the Orange and Vaal river systems. Its historical operations and projects included the Wouterspan, Saxendrift and Niewejaarskraal properties, where Rockwell mined diamond-bearing gravels and processed the material through recovery facilities.

Rockwell Diamonds encountered financial and operational difficulties and entered restructuring and creditor-protection proceedings in 2017.

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