Gem Diamonds (LON:GEMD) Trading Down 0.4% – Here’s Why

Gem Diamonds Limited (LON:GEMDGet Free Report) shares dropped 0.4% during mid-day trading on Friday . The stock traded as low as GBX 9.51 ($0.12) and last traded at GBX 9.70 ($0.12). Approximately 222,223 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 370,111 shares. The stock had previously closed at GBX 9.74 ($0.12).

Gem Diamonds Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 19.43. The company has a market cap of £13.55 million, a price-to-earnings ratio of -1,170.00, a PEG ratio of 0.18 and a beta of 1.51. The stock’s 50-day simple moving average is GBX 11.01 and its 200 day simple moving average is GBX 12.11.

Gem Diamonds Company Profile

(Get Free Report)

Gem Diamonds Limited, together with its subsidiaries, operates diamond mines. It also produces, manufactures, sells, and markets rough and polished diamonds; and provides technical, financial, and management consulting services. It operates in Lesotho, Botswana, Belgium, British Virgin Islands, South Africa, the United Kingdom, and Cyprus.

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