Gem Diamonds (LON:GEMD) Stock Price Down 7.4% – Should You Sell?

Shares of Gem Diamonds Limited (LON:GEMDGet Free Report) fell 7.4% during mid-day trading on Saturday . The company traded as low as GBX 2.80 ($0.04) and last traded at GBX 3.15 ($0.04). 8,384,072 shares changed hands during trading, an increase of 2,881% from the average session volume of 281,216 shares. The stock had previously closed at GBX 3.40 ($0.05).

Gem Diamonds Price Performance

The stock has a market capitalization of £4.41 million, a P/E ratio of 157.50, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51. The business has a fifty day simple moving average of GBX 6.47 and a 200 day simple moving average of GBX 7.51. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 30.82.

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