Gemfields Group (LON:GEM) Reaches New 1-Year Low – Here’s What Happened

Gemfields Group Limited (LON:GEMGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as GBX 4 and last traded at GBX 4.30, with a volume of 45445 shares trading hands. The stock had previously closed at GBX 4.50.

Gemfields Group Stock Performance

The company has a debt-to-equity ratio of 31.57, a current ratio of 1.77 and a quick ratio of 2.46. The company has a market capitalization of £77.59 million, a PE ratio of -1.73 and a beta of 0.11. The stock has a 50-day simple moving average of GBX 4.58 and a 200 day simple moving average of GBX 5.23.

About Gemfields Group

(Get Free Report)

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

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