Petra Diamonds (LON:PDL) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Petra Diamonds Limited (LON:PDL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 17.52 and traded as high as GBX 19.45. Petra Diamonds shares last traded at GBX 16.40, with a volume of 98,687 shares changing hands.

Petra Diamonds Stock Performance

The company has a quick ratio of 3.52, a current ratio of 1.32 and a debt-to-equity ratio of 124.59. The firm has a market cap of £52.46 million, a price-to-earnings ratio of -0.39, a P/E/G ratio of 0.17 and a beta of 1.45. The business’s 50-day simple moving average is GBX 18.61 and its two-hundred day simple moving average is GBX 17.52.

About Petra Diamonds

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.