Petra Diamonds (LON:PDL) Trading Up 3.2% – Here’s What Happened

Petra Diamonds Limited (LON:PDL)’s share price shot up 3.2% during trading on Friday . The company traded as high as GBX 29.50 ($0.37) and last traded at GBX 28.90 ($0.36). 229,776 shares traded hands during trading, an increase of 7% from the average session volume of 214,598 shares. The stock had previously closed at GBX 28 ($0.35).

Petra Diamonds Trading Up 3.2 %

The company has a market capitalization of £56.12 million, a PE ratio of -87.58, a PEG ratio of 0.17 and a beta of 1.45. The company has a fifty day simple moving average of GBX 34.24 and a 200-day simple moving average of GBX 33.66. The company has a current ratio of 1.32, a quick ratio of 3.52 and a debt-to-equity ratio of 140.09.

Insider Activity at Petra Diamonds

In other Petra Diamonds news, insider José Manuel Vargas purchased 4,200,000 shares of the stock in a transaction dated Friday, September 27th. The stock was acquired at an average cost of GBX 27 ($0.34) per share, for a total transaction of £1,134,000 ($1,431,276.03). 48.56% of the stock is currently owned by insiders.

About Petra Diamonds

Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It operates through Mining and Beneficiation segments. The company’s flagship asset is the Cullinan Mine in South Africa. It also provides exploration, treasury, beneficiation, community development, and other services.