Gemfields Group (LON:GEM) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Gemfields Group Limited (LON:GEM)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5.76 and traded as low as GBX 5.15. Gemfields Group shares last traded at GBX 5.50, with a volume of 22,868 shares traded.

Analyst Ratings Changes

Separately, Panmure Gordon reissued a “buy” rating and set a GBX 13 price objective on shares of Gemfields Group in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 13.

Gemfields Group Stock Up 5.8%

The stock has a fifty day moving average price of GBX 5.63 and a 200-day moving average price of GBX 5.76. The firm 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.