Gem Diamonds (LON:GEMD) Trading 3.9% Higher – What’s Next?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price shot up 3.9% on Monday . The stock traded as high as GBX 4.25 and last traded at GBX 4.25. 194,023 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 882,275 shares. The stock had previously closed at GBX 4.09.

Gem Diamonds Trading Up 3.9%

The company has a debt-to-equity ratio of 25.27, a quick ratio of 1.09 and a current ratio of 2.34. The stock has a market cap of £5.95 million, a P/E ratio of -0.54, a P/E/G ratio of 0.18 and a beta of 1.51. The stock has a 50-day moving average price of GBX 3.71 and a 200-day moving average price of GBX 3.39.

About Gem Diamonds

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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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