Karelian Diamond Resources (LON:KDR) Shares Up 22.9% – Here’s Why

Shares of Karelian Diamond Resources Plc (LON:KDRGet Free Report) shot up 22.9% during trading on Monday . The company traded as high as GBX 1.43 ($0.02) and last traded at GBX 1.43 ($0.02). 299,536 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 287,240 shares. The stock had previously closed at GBX 1.16 ($0.01).

Karelian Diamond Resources Stock Performance

The stock has a 50-day moving average of GBX 1.19 and a 200 day moving average of GBX 1.39. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.06 and a quick ratio of 0.11. The stock has a market capitalization of £2.10 million, a price-to-earnings ratio of -7.38 and a beta of 0.93.

Karelian Diamond Resources Company Profile

(Get Free Report)

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.

Further Reading

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