Gem Diamonds (LON:GEMD) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Gem Diamonds Limited (LON:GEMD)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3.42 and traded as high as GBX 4.25. Gem Diamonds shares last traded at GBX 3.99, with a volume of 359,112 shares changing hands.

Gem Diamonds Stock Performance

The company has a quick ratio of 1.09, a current ratio of 2.34 and a debt-to-equity ratio of 25.27. The company has a 50 day moving average of GBX 3.87 and a 200 day moving average of GBX 3.42. The firm has a market cap of £5.58 million, a price-to-earnings ratio of -0.51, a PEG ratio of 0.18 and a beta of 1.51.

About Gem Diamonds

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.