Petra Diamonds (LON:PDL) Shares Pass Below 200 Day Moving Average – Here’s Why

Petra Diamonds Limited (LON:PDLGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 30.40 ($0.39) and traded as low as GBX 29.10 ($0.38). Petra Diamonds shares last traded at GBX 30.40 ($0.39), with a volume of 436,817 shares trading hands.

Petra Diamonds Price Performance

The firm has a 50 day moving average price of GBX 27.90 and a two-hundred day moving average price of GBX 30.40. The company has a debt-to-equity ratio of 124.59, a quick ratio of 3.52 and a current ratio of 1.32. The company has a market cap of £76.53 million, a P/E ratio of -8.71, a P/E/G ratio of 0.17 and a beta of 1.45.

Insider Activity

In other news, insider José Manuel Vargas bought 343,139 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of GBX 26 ($0.34) per share, with a total value of £89,216.14 ($115,281.22). Corporate insiders own 48.56% of the company’s stock.

Petra Diamonds Company Profile

(Get Free Report)

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 three underground mines in South Africa (Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania (Williamson).

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