Gem Diamonds (LON:GEMD) Reaches New 1-Year Low – Time to Sell?

Shares of Gem Diamonds Limited (LON:GEMDGet Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 2.69 and last traded at GBX 2.97, with a volume of 215909 shares traded. The stock had previously closed at GBX 2.83.

Gem Diamonds Price Performance

The business’s 50-day simple moving average is GBX 3.15 and its two-hundred day simple moving average is GBX 4.42. The stock has a market cap of £4.15 million, a price-to-earnings ratio of -0.38, a price-to-earnings-growth ratio of 0.18 and a beta of 1.51. The company has a debt-to-equity ratio of 30.82, a current ratio of 1.56 and a quick ratio of 1.09.

Gem Diamonds Company Profile

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Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.

Further Reading

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