Gem Diamonds (LON:GEMD) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.73 and traded as high as GBX 3.93. Gem Diamonds shares last traded at GBX 3.60, with a volume of 554,307 shares changing hands.

Gem Diamonds Stock Down 5.7%

The stock has a market cap of £4.62 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of 0.18 and a beta of 1.22. The business has a fifty day moving average of GBX 3.96 and a 200 day moving average of GBX 3.74. The company has a debt-to-equity ratio of 25.27, a current ratio of 2.34 and a quick ratio of 1.09.

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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