Gemfields Group (LON:GEM) Shares Down 4.9% - Here's Why

Key Points

• Gemfields Group Limited's shares fell by 4.9%, closing at GBX 5.35 ($0.07) after trading as low as GBX 5.00.
• The company has a market cap of £92.25 million and a negative price-to-earnings ratio of -76.43.
• Gemfields is known for operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, two of the world's most significant gemstone resources.

Gemfields Group Limited (LON:GEM - Get Free Report) fell 4.9% during trading on Tuesday . The company traded as low as GBX 5 ($0.07) and last traded at GBX 5.35 ($0.07). 949,227 shares changed hands during trading, an increase of 40% from the average session volume of 676,098 shares. The stock had previously closed at GBX 5.63 ($0.08).

Gemfields Group Price Performance

The company has a current ratio of 2.11, a quick ratio of 2.46 and a debt-to-equity ratio of 16.51. The business has a 50-day moving average price of GBX 5.76 and a 200 day moving average price of GBX 5.43. The stock has a market cap of £99.57 million, a PE ratio of -82.50 and a beta of 0.11.

About Gemfields Group

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).