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Gemfields Group (LON:GEM) Trading Up 9.8% - Time to Buy?

Gemfields Group logo with Basic Materials background

Key Points

  • Gemfields Group's shares surged 9.8% on Friday, with a trading price reaching GBX 5.90 ($0.08) after closing at GBX 5.38 ($0.07).
  • The company has a market capitalization of £101.73 million and a P/E ratio of -84.29, indicating it is currently not profitable.
  • Gemfields is best known for operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, making it a leading player in the colored gemstone mining sector.
  • MarketBeat previews top five stocks to own in November.

Gemfields Group Limited (LON:GEM - Get Free Report)'s stock price traded up 9.8% during mid-day trading on Friday . The stock traded as high as GBX 5.90 ($0.08) and last traded at GBX 5.90 ($0.08). 597,588 shares were traded during trading, a decline of 11% from the average session volume of 668,884 shares. The stock had previously closed at GBX 5.38 ($0.07).

Gemfields Group Stock Down 1.2%

The firm has a 50 day moving average price of GBX 5.73 and a 200-day moving average price of GBX 5.43. The firm has a market cap of £97.94 million, a price-to-earnings ratio of -81.14 and a beta of 0.11. The company has a current ratio of 2.11, a quick ratio of 2.46 and a debt-to-equity ratio of 16.51.

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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