Gemfields Group Limited (LON:GEM – Get Free Report) was down 10.4% during mid-day trading on Wednesday . The company traded as low as GBX 6 ($0.07) and last traded at GBX 6.40 ($0.08). Approximately 158,875 shares changed hands during 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 Trading Down 10.4 %
The business has a 50 day moving average of GBX 8.19 and a 200-day moving average of GBX 10.35. The company has a current ratio of 2.11, a quick ratio of 2.46 and a debt-to-equity ratio of 13.85. The firm has a market capitalization of £74.88 million, a P/E ratio of -640.00 and a beta of 0.11.
About Gemfields Group
Gemfields Group Limited, together with its subsidiaries, operates as a mining company. The company operates in six segments: Kagem Mining Limited; Montepuez Ruby Mining Limitada; Development Assets; Fabergé; Corporate; and Other. It explores for emerald, beryl, ruby, corundum, gold, and allied minerals in Zambia, Mozambique, Ethiopia, and Madagascar.
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