Petra Diamonds (LON:PDL) Reaches New 12-Month Low – What’s Next?

Petra Diamonds Limited (LON:PDL)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 24.50 ($0.31) and last traded at GBX 28.10 ($0.35), with a volume of 1502000 shares traded. The stock had previously closed at GBX 29 ($0.36).

Petra Diamonds Price Performance

The stock has a 50-day simple moving average of GBX 33.41 and a 200 day simple moving average of GBX 33.28. The stock has a market capitalization of £54.57 million, a P/E ratio of -85.15, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of 140.09, a quick ratio of 3.52 and a current ratio of 1.32.

Insider Activity at Petra Diamonds

In other Petra Diamonds news, insider José Manuel Vargas acquired 4,200,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of GBX 27 ($0.34) per share, for a total transaction of £1,134,000 ($1,417,322.83). 48.56% of the stock is owned by company insiders.

Petra Diamonds Company Profile

Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It operates through Mining and Beneficiation segments. The company’s flagship asset is the Cullinan Mine in South Africa. It also provides exploration, treasury, beneficiation, community development, and other services.