Gemfields PLC (GEM) Insider Sells £899,856.53 in Stock
Gemfields PLC (LON:GEM) insider Ian T. Harebottle sold 2,902,763 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of GBX 31 ($0.40), for a total value of £899,856.53 ($1,165,617.27).
Gemfields PLC (GEM) opened at 28.50 on Monday. The stock’s market capitalization is GBX 155.59 million. Gemfields PLC has a 12 month low of GBX 26.00 and a 12 month high of GBX 57.50. The company has a 50 day moving average price of GBX 36.72 and a 200 day moving average price of GBX 44.19.
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Several research firms have recently issued reports on GEM. Panmure Gordon restated an “under review” rating on shares of Gemfields PLC in a report on Monday, April 3rd. FinnCap restated a “corporate” rating and set a GBX 95 ($1.23) price objective on shares of Gemfields PLC in a report on Friday, May 12th. Shore Capital restated a “not rated” rating on shares of Gemfields PLC in a report on Tuesday, June 27th. Macquarie raised their price objective on Gemfields PLC from GBX 80 ($1.04) to GBX 90 ($1.17) and gave the stock an “outperform” rating in a report on Monday, April 3rd. Finally, Peel Hunt restated a “buy” rating on shares of Gemfields PLC in a report on Friday, May 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 77.75 ($1.01).
About Gemfields PLC
Gemfields plc is a supplier of colored gemstones. The Company operates through five segments: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; UK, which includes sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which includes wholesale and retail sales of jewelry and watches, and Other, which includes new projects and traded auctions.
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