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Gemfields Group (LON:GEM) Stock Price Down 6% - Here's What Happened

Gemfields Group logo with Basic Materials background

Gemfields Group Limited (LON:GEM - Get Free Report)'s share price was down 6% during mid-day trading on Thursday . The company traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.88 ($0.07). Approximately 171,186 shares changed hands during trading, an increase of 57% from the average daily volume of 109,042 shares. The stock had previously closed at GBX 6.25 ($0.08).

Gemfields Group Trading Down 2.7 %

The stock has a market cap of £80.39 million, a PE ratio of -6.69 and a beta of 0.11. The business's fifty day moving average is GBX 6.65 and its 200 day moving average is GBX 9.44. The company has a quick ratio of 2.46, a current ratio of 2.11 and a debt-to-equity ratio of 16.51.

Gemfields Group Company Profile

(Get Free Report)

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).

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