Petra Diamonds (LON:PDL) Stock Price Down 11.1% – Should You Sell?

Shares of Petra Diamonds Limited (LON:PDL) traded down 11.1% on Friday . The company traded as low as GBX 16.38 ($0.22) and last traded at GBX 17.56 ($0.24). 120,537 shares changed hands during trading, a decline of 66% from the average session volume of 355,907 shares. The stock had previously closed at GBX 19.75 ($0.27).

Petra Diamonds Stock Down 6.3%

The stock has a fifty day simple moving average of GBX 15.09 and a two-hundred day simple moving average of GBX 21.57. 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 £35.93 million, a PE ratio of -27.61, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45.

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.