Gemfields Group (LON:GEM) Shares Down 10.2% – What’s Next?

Gemfields Group Limited (LON:GEM)’s share price was down 10.2% during mid-day trading on Friday . The company traded as low as GBX 5.40 ($0.07) and last traded at GBX 5.50 ($0.07). Approximately 840,909 shares were traded during trading, an increase of 26% from the average daily volume of 667,196 shares. The stock had previously closed at GBX 6.13 ($0.08).

Gemfields Group Stock Down 2.0%

The firm has a market capitalization of £103.45 million, a price-to-earnings ratio of -85.71 and a beta of 0.11. The business has a fifty day moving average price of GBX 5.72 and a two-hundred day moving average price of GBX 5.38. The company has a debt-to-equity ratio of 16.51, a current ratio of 2.11 and a quick ratio of 2.46.

About Gemfields Group

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world).