Petra Diamonds (LON:PDL) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Petra Diamonds Limited (LON:PDL)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 17.46 and traded as low as GBX 16. Petra Diamonds shares last traded at GBX 16, with a volume of 439,335 shares trading hands.

Petra Diamonds Stock Up 6.3%

The company has a debt-to-equity ratio of 124.59, a current ratio of 1.32 and a quick ratio of 3.52. The firm has a market capitalization of £54.38 million, a P/E ratio of -0.40, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45. The business has a 50 day moving average price of GBX 17.40 and a 200 day moving average price of GBX 17.46.

Petra Diamonds Company Profile

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.