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Gemfields Group (LON:GEM) Sets New 1-Year High - Time to Buy?

Gemfields Group logo with Basic Materials background

Gemfields Group Limited (LON:GEM - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 2.50 ($0.03) and last traded at GBX 4.18 ($0.06), with a volume of 10053 shares traded. The stock had previously closed at GBX 4.39 ($0.06).

Gemfields Group Trading Up 3.5%

The business has a 50-day moving average price of GBX 4.73 and a 200-day moving average price of GBX 6.18. The company has a quick ratio of 2.46, a current ratio of 2.11 and a debt-to-equity ratio of 16.51. The firm has a market capitalization of £64.31 million, a P/E ratio of -5.35 and a beta of 0.11.

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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