Gem Diamonds (LON:GEMD) Trading Down 7.4% – Here’s Why

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

Gem Diamonds Price Performance

The company has a market cap of £4.41 million, a price-to-earnings ratio of 157.50, a PEG ratio of 0.18 and a beta of 1.51. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 30.82. The company’s 50 day moving average price is GBX 6.47 and its 200 day moving average price is GBX 7.51.

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