Gemfields Group (LON:GEM) Stock Price Down 10.4% – What’s Next?

Gemfields Group Limited (LON:GEM)’s share price was down 10.4% during mid-day trading on Wednesday . The stock traded as low as GBX 6 ($0.07) and last traded at GBX 6.40 ($0.08). Approximately 158,875 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 91,653 shares. The stock had previously closed at GBX 7.14 ($0.09).

Gemfields Group Stock Performance

The company has a debt-to-equity ratio of 13.85, a quick ratio of 2.46 and a current ratio of 2.11. The company has a market cap of £76.05 million, a price-to-earnings ratio of -650.00 and a beta of 0.11. The firm’s 50-day moving average price is GBX 8.02 and its 200 day moving average price is GBX 10.30.

Gemfields Group Company Profile

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).