Gem Diamonds (LON:GEMD) Trading Down 2.3% – Time to Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price dropped 2.3% during mid-day trading on Monday . The stock traded as low as GBX 2.66 and last traded at GBX 2.90. Approximately 796,500 shares changed hands during trading, an increase of 4% from the average daily volume of 766,938 shares. The stock had previously closed at GBX 2.97.

Gem Diamonds Stock Performance

The company has a market cap of £4.06 million, a price-to-earnings ratio of -0.37, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56. The company has a fifty day moving average of GBX 3.14 and a two-hundred day moving average of GBX 4.38.

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.

Further Reading

Receive News & Ratings for Gem Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.