Gem Diamonds (LON:GEMD) Shares Down 7.4% – Here’s Why

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price fell 7.4% during mid-day trading on Friday . The company traded as low as GBX 2.80 ($0.04) and last traded at GBX 3.15 ($0.04). 8,384,072 shares traded hands during mid-day trading, an increase of 2,881% from the average session volume of 281,216 shares. The stock had previously closed at GBX 3.40 ($0.05).

Gem Diamonds Price Performance

The business’s 50 day moving average is GBX 6.47 and its 200-day moving average is GBX 7.53. The firm has a market capitalization of £4.41 million, a P/E ratio of 157.50, a PEG ratio of 0.18 and a beta of 1.51. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 30.82.

Gem Diamonds Company Profile

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Further Reading

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