Gemfields Group Limited (LON:GEM – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 3.29 and traded as low as GBX 3.22. Gemfields Group shares last traded at GBX 3.22, with a volume of 150,000 shares changing hands.
Gemfields Group Price Performance
The company has a quick ratio of 2.46, a current ratio of 2.37 and a debt-to-equity ratio of 38.08. The business has a 50-day moving average price of GBX 3.29 and a two-hundred day moving average price of GBX 3.98. The company has a market capitalization of £55.52 million, a price-to-earnings ratio of -0.62 and a beta of 0.20.
About Gemfields Group
Gemfields is a world-leading 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). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.
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