Karelian Diamond Resources (LON:KDR) Shares Down 7.4% – What’s Next?

Karelian Diamond Resources Plc (LON:KDR) shares fell 7.4% during mid-day trading on Wednesday . The company traded as low as GBX 0.70 and last traded at GBX 0.83. 4,090,626 shares traded hands during mid-day trading, an increase of 240% from the average session volume of 1,201,427 shares. The stock had previously closed at GBX 0.90.

Karelian Diamond Resources Price Performance

The stock has a market capitalization of £1.64 million, a P/E ratio of -4.17 and a beta of 0.42. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.11 and a current ratio of 0.06. The firm has a 50-day moving average price of GBX 0.50 and a 200 day moving average price of GBX 0.55.

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.