Gem Diamonds (LON:GEMD) Shares Cross Above 200 Day Moving Average – What’s Next?

Gem Diamonds Limited (LON:GEMDGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 11.84 ($0.15) and traded as high as GBX 12.13 ($0.16). Gem Diamonds shares last traded at GBX 11.93 ($0.16), with a volume of 273,026 shares traded.

Gem Diamonds Stock Performance

The firm’s fifty day moving average price is GBX 12.08 and its 200-day moving average price is GBX 11.84. The company has a market cap of £16.91 million, a P/E ratio of -1,170.00, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 19.43.

About Gem Diamonds

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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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