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Gemfields Group (LON:GEM) Stock Passes Below 200 Day Moving Average - Should You Sell?

Gemfields Group logo with Basic Materials background

Shares of Gemfields Group Limited (LON:GEM - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6.97 ($0.09) and traded as low as GBX 4.06 ($0.05). Gemfields Group shares last traded at GBX 4.37 ($0.06), with a volume of 558,409 shares trading hands.

Gemfields Group Trading Down 5.2%

The company has a debt-to-equity ratio of 16.51, a current ratio of 2.11 and a quick ratio of 2.46. The firm has a market capitalization of £62.11 million, a price-to-earnings ratio of -5.17 and a beta of 0.11. The firm's 50-day simple moving average is GBX 5.45 and its 200 day simple moving average is GBX 6.84.

About Gemfields Group

(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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