Gemfields Group (LON:GEM) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Gemfields Group's share price has crossed above its 200-day moving average of GBX 5.47, trading as high as GBX 6 during recent sessions.
• The company has a current market capitalization of £96.30 million, with significant ratios including a P/E ratio of -79.79 and a debt-to-equity ratio of 16.51.
• Gemfields is a leading miner of coloured gemstones, owning significant operations such as the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique.

Gemfields Group Limited (LON:GEM - ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.47 ($0.07) and traded as high as GBX 6 ($0.08). Gemfields Group shares last traded at GBX 5.59 ($0.08), with a volume of 209,964 shares.

Gemfields Group Price Performance

The business's 50 day moving average is GBX 5.91 and its two-hundred day moving average is GBX 5.47. The firm has a market cap of £96.30 million, a P/E ratio of -79.79 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 16.51.

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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