Gem Diamonds (LON:GEMD) Stock Passes Above 200-Day Moving Average – Here’s Why

Gem Diamonds Limited (LON:GEMDGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.62 and traded as high as GBX 4.54. Gem Diamonds shares last traded at GBX 4.54, with a volume of 78,882 shares traded.

Gem Diamonds Stock Up 6.3%

The company has a debt-to-equity ratio of 25.27, a current ratio of 2.34 and a quick ratio of 1.09. The company has a market capitalization of £6.36 million, a PE ratio of -0.06, a P/E/G ratio of 0.18 and a beta of 1.20. The business has a 50-day moving average of GBX 4 and a 200 day moving average of GBX 3.62.

Gem Diamonds Company Profile

(Get Free Report)

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.

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