Gem Diamonds Limited (LON:GEMD – Get Free Report) fell 13% during mid-day trading on Wednesday. The company traded as low as GBX 10.40 and last traded at GBX 10.40. Approximately 304,075 shares changed hands during trading, a decline of 57% from the average daily volume of 705,515 shares. The stock had previously closed at GBX 11.95.
Gem Diamonds Stock Down 13.0%
The company has a debt-to-equity ratio of 20.53, a quick ratio of 1.09 and a current ratio of 2.38. The company has a market cap of £14.56 million, a price-to-earnings ratio of -0.14, a price-to-earnings-growth ratio of 0.18 and a beta of 1.29. The stock’s fifty day moving average is GBX 6.67 and its two-hundred day moving average is GBX 4.87.
About Gem Diamonds
Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
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