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Petra Diamonds (LON:PDL) Shares Up 10.1% - Time to Buy?

Petra Diamonds logo with Basic Materials background

Shares of Petra Diamonds Limited (LON:PDL - Get Free Report) rose 10.1% on Wednesday . The company traded as high as GBX 30.80 ($0.38) and last traded at GBX 28.73 ($0.35). Approximately 2,113,233 shares changed hands during mid-day trading, an increase of 440% from the average daily volume of 391,447 shares. The stock had previously closed at GBX 26.10 ($0.32).

Petra Diamonds Trading Up 11.1 %

The company has a market capitalization of £56.32 million, a P/E ratio of -87.88, a PEG ratio of 0.17 and a beta of 1.45. The business has a 50 day moving average price of GBX 30.50 and a 200 day moving average price of GBX 31.24. The company has a current ratio of 1.32, a quick ratio of 3.52 and a debt-to-equity ratio of 140.09.

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).

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