Petra Diamonds (LON:PDL) Shares Down 9.3% – What’s Next?

Petra Diamonds Limited (LON:PDL) dropped 9.3% during mid-day trading on Wednesday . The stock traded as low as GBX 18 and last traded at GBX 18.05. Approximately 867,830 shares changed hands during mid-day trading, an increase of 191% from the average daily volume of 297,833 shares. The stock had previously closed at GBX 19.90.

Petra Diamonds Stock Performance

The stock has a market cap of £32.92 million, a price-to-earnings ratio of -0.38, a P/E/G ratio of 0.17 and a beta of 1.45. The firm’s 50-day moving average is GBX 19.21 and its two-hundred day moving average is GBX 18.40. The company has a current ratio of 1.32, a quick ratio of 3.52 and a debt-to-equity ratio of 124.59.

Petra Diamonds Company Profile

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in two underground mines in South Africa (Cullinan and Finsch Mines) and one open pit mine in Tanzania (Williamson). In January 2025, Petra announced that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra’s interest in Williamson.

Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability.