Karelian Diamond Resources (LON:KDR) Shares Down 17.4% – Time to Sell?

Karelian Diamond Resources Plc (LON:KDR) shares dropped 17.4% on Thursday . The company traded as low as GBX 0.64 and last traded at GBX 0.64. Approximately 581,853 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,272,672 shares. The stock had previously closed at GBX 0.78.

Karelian Diamond Resources Stock Performance

The firm has a market cap of £1.51 million, a P/E ratio of -3.85 and a beta of 0.42. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average is GBX 0.54 and its two-hundred day moving average is GBX 0.56.

About Karelian Diamond Resources

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland. The company also explores for nickel, copper, and platinum metals in Northern Ireland. Karelian Diamond Resources Plc was incorporated in 2004 and is headquartered in Dublin, Ireland.