Gem Diamonds Limited (LON:GEMD – Get Free Report)’s share price shot up 21.6% during mid-day trading on Tuesday. The stock traded as high as GBX 13 and last traded at GBX 12.40. Approximately 954,500 shares traded hands during trading, an increase of 37% from the average daily volume of 695,764 shares. The stock had previously closed at GBX 10.20.
Gem Diamonds Stock Up 17.4%
The company has a market capitalization of £18.90 million, a P/E ratio of -0.21, a PEG ratio of 0.18 and a beta of 1.29. 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 stock has a 50 day moving average price of GBX 9.36 and a 200 day moving average price of GBX 5.17.
Gem Diamonds Company Profile
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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