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Gemfields Group (LON:GEM) Stock Price Down 14.1% - Here's What Happened

Gemfields Group logo with Basic Materials background

Shares of Gemfields Group Limited (LON:GEM - Get Free Report) fell 14.1% during trading on Monday . The stock traded as low as GBX 6.05 ($0.08) and last traded at GBX 6.05 ($0.08). 1,443,844 shares were traded during trading, an increase of 193% from the average session volume of 492,001 shares. The stock had previously closed at GBX 7.05 ($0.09).

Gemfields Group Stock Down 4.3 %

The stock has a 50 day moving average of GBX 9.60 and a 200 day moving average of GBX 11. The firm has a market capitalization of £78.86 million, a price-to-earnings ratio of -674.00 and a beta of 0.11. The company has a quick ratio of 2.46, a current ratio of 2.11 and a debt-to-equity ratio of 13.85.

About Gemfields Group

(Get Free Report)

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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