Gem Diamonds (LON:GEMD) Hits New 1-Year Low – Here’s What Happened

Gem Diamonds Limited (LON:GEMDGet Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2.75 and last traded at GBX 2.89, with a volume of 642734 shares changing hands. The stock had previously closed at GBX 3.10.

Gem Diamonds Stock Down 7.2%

The company has a market capitalization of £3.86 million, a price-to-earnings ratio of -0.35, a PEG ratio of 0.18 and a beta of 1.51. The firm has a 50-day moving average price of GBX 3.19 and a two-hundred day moving average price of GBX 4.58. The company has a debt-to-equity ratio of 30.82, a current ratio of 1.56 and a quick ratio of 1.09.

Gem Diamonds Company Profile

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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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