Gem Diamonds (LON:GEMD) Stock Price Down 12.6% – Time to Sell?

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price dropped 12.6% on Friday . The company traded as low as GBX 2.80 ($0.04) and last traded at GBX 2.97 ($0.04). Approximately 5,668,574 shares traded hands during mid-day trading, an increase of 2,036% from the average daily volume of 265,428 shares. The stock had previously closed at GBX 3.40 ($0.05).

Gem Diamonds Stock Down 7.4%

The company has a market cap of £4.41 million, a P/E ratio of 157.50, a P/E/G ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 30.82, a quick ratio of 1.09 and a current ratio of 1.56. The stock has a 50-day moving average of GBX 6.47 and a two-hundred day moving average of GBX 7.53.

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