Gemfields Group (LON:GEM) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Gemfields Group Limited (LON:GEM)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 5.84 and traded as high as GBX 6. Gemfields Group shares last traded at GBX 5.50, with a volume of 154,841 shares.

Analyst Ratings Changes

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 13 price target on shares of Gemfields Group in a research report on Friday, December 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 13.

Gemfields Group Trading Down 6.4%

The stock has a fifty day moving average of GBX 5.84 and a 200-day moving average of GBX 5.85. The company has a market cap of £94.83 million, a PE ratio of -0.59 and a beta of 0.11. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.46 and a current ratio of 2.11.

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). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.