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

Key Points

• Gemfields Group's stock price recently surpassed its 200-day moving average of GBX 5.49, reaching a high of GBX 6.35 during trading.
• The company has a market capitalization of £87.41 million and a negative PE ratio of -7.28, indicating potential challenges in profitability.
• Gemfields operates the world's largest emerald mine in Zambia and the significant ruby deposit in Mozambique, emphasizing its position as a leader in the colored gemstones market.

Gemfields Group Limited (LON:GEM - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5.49 ($0.07) and traded as high as GBX 6.35 ($0.09). Gemfields Group shares last traded at GBX 5.80 ($0.08), with a volume of 1,145,533 shares trading hands.

Gemfields Group Price Performance

The stock has a market cap of £81.12 million, a P/E ratio of -6.75 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. The company's fifty day simple moving average is GBX 5.63 and its 200-day simple moving average is GBX 5.49.

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).