Gemfields Group (LON:GEM) Sets New 52-Week Low - What's Next?

Gemfields Group Limited (LON:GEM - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 4.38 ($0.06), with a volume of 30000 shares changing hands. The stock had previously closed at GBX 4.25 ($0.06).

Gemfields Group Trading Up 2.9%

The business has a 50-day moving average of GBX 4.70 and a 200-day moving average of GBX 6.14. 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 stock has a market cap of £63.95 million, a price-to-earnings ratio of -5.32 and a beta of 0.11.

Gemfields Group Company Profile

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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