Rockwell Diamonds (OTCMKTS:RDIAF) Stock Passes Above 50-Day Moving Average – Here’s Why

Shares of Rockwell Diamonds Inc. (OTCMKTS:RDIAFGet Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.02 and traded as high as $0.20. Rockwell Diamonds shares last traded at $0.0250, with a volume of 287,400 shares trading hands.

Rockwell Diamonds Trading Up 66.7%

The stock’s fifty day moving average price is $0.02 and its 200-day moving average price is $0.02.

Rockwell Diamonds Company Profile

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Rockwell Diamonds Inc, a Canadian-headquartered diamond producer listed on the OTC Markets under the ticker RDIAF, specializes in the extraction and sale of gem-quality rough diamonds. The company’s primary focus is on alluvial diamond deposits, harnessing surface-level river gravels and small-scale bulk sampling methods to recover diamonds suitable for the global jewelry and industrial markets.

Rockwell’s core operations are centered along the Vaal River in South Africa, where it operates the Saxendrift and Klipdam alluvial mines.

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