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Petra Diamonds (LON:PDL) Stock Price Down 15.5% - Here's Why

Petra Diamonds logo with Basic Materials background

Petra Diamonds Limited (LON:PDL - Get Free Report)'s share price fell 15.5% on Monday . The stock traded as low as GBX 23.60 ($0.30) and last traded at GBX 24.50 ($0.31). 687,157 shares changed hands during mid-day trading, an increase of 141% from the average session volume of 284,606 shares. The stock had previously closed at GBX 29 ($0.36).

Petra Diamonds Trading Down 1.6 %

The stock has a market capitalization of £62.93 million, a price-to-earnings ratio of -7.17, a PEG ratio of 0.17 and a beta of 1.45. The business has a 50-day moving average of GBX 28.85 and a 200-day moving average of GBX 30.46. The company has a debt-to-equity ratio of 124.59, a quick ratio of 3.52 and a current ratio of 1.32.

Petra Diamonds Company Profile

(Get Free Report)

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company's portfolio incorporates interests in three underground mines in South Africa (Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania (Williamson).

Further Reading

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