Petra Diamonds (LON:PDL) Trading Up 45.9% – What’s Next?

Petra Diamonds Limited (LON:PDL)’s stock price was up 45.9% during trading on Friday . The stock traded as high as GBX 18.50 ($0.25) and last traded at GBX 17.88 ($0.24). Approximately 1,630,725 shares traded hands during mid-day trading, an increase of 364% from the average daily volume of 351,563 shares. The stock had previously closed at GBX 12.25 ($0.16).

Petra Diamonds Trading Up 42.9%

The company’s fifty day moving average price is GBX 14.43 and its two-hundred day moving average price is GBX 22.54. The company has a current ratio of 1.32, a quick ratio of 3.52 and a debt-to-equity ratio of 124.59. The firm has a market cap of £44.05 million, a P/E ratio of -5.02, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45.

About Petra Diamonds

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.