Karelian Diamond Resources (LON:KDR) Sets New 52-Week Low – Here’s Why

Karelian Diamond Resources Plc (LON:KDR)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.44 ($0.02), with a volume of 241515 shares traded. The stock had previously closed at GBX 1.40 ($0.02).

Karelian Diamond Resources Stock Performance

The firm’s fifty day moving average price is GBX 1.55 and its 200-day moving average price is GBX 2. The company has a current ratio of 0.17, a quick ratio of 0.11 and a debt-to-equity ratio of 1.25. The company has a market cap of £1.85 million, a P/E ratio of -11.13 and a beta of 0.93.

About Karelian Diamond Resources

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland.