Gemfields Group (LON:GEM) Shares Up 9.8% - What's Next?

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.

Gemfields Group Limited (LON:GEM - ) shot 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 traded hands 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 Price Performance

The company's 50-day simple moving average is GBX 5.79 and its 200-day simple moving average is GBX 5.45. 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 stock has a market capitalization of £101.73 million, a P/E ratio of -84.29 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).

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