Gemfields Group (LON:GEM) Reaches New 52-Week Low – Should You Sell?

Shares of Gemfields Group Limited (LON:GEMGet Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 6 ($0.07), with a volume of 488117 shares traded. The stock had previously closed at GBX 6.25 ($0.08).

Gemfields Group Stock Down 4.0 %

The firm has a market cap of £70.20 million, a P/E ratio of -600.00 and a beta of 0.11. The company has a current ratio of 2.11, a quick ratio of 2.46 and a debt-to-equity ratio of 13.85. The business has a 50-day moving average price of GBX 7.69 and a 200-day moving average price of GBX 10.12.

Gemfields Group Company Profile

(Get Free Report)

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world).

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