Gem Diamonds Limited (LON:GEMD – Get Free Report) rose 75.4% during mid-day trading on Wednesday . The company traded as high as GBX 5 and last traded at GBX 5. Approximately 11,460,372 shares traded hands during mid-day trading, an increase of 1,299% from the average daily volume of 818,969 shares. The stock had previously closed at GBX 2.85.
Gem Diamonds Trading Down 15.6%
The company has a market cap of £4.96 million, a price-to-earnings ratio of -0.45, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51. The company’s 50 day moving average price is GBX 3.11 and its 200 day moving average price is GBX 3.97. The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56.
About Gem Diamonds
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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