Gemfields Group (LON:GEM) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Gemfields Group's stock price has crossed above its 200-day moving average, indicating a potential upward trend in its trading performance.
• The company's shares have experienced a 5.9% increase in value recently, with last trades recorded at GBX 5.45 ($0.07).
• Gemfields operates the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, positioning itself as a leader in the coloured gemstones market.

Gemfields Group Limited (LON:GEM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5.45 ($0.07) and traded as high as GBX 5.45 ($0.07). Gemfields Group shares last traded at GBX 5.45 ($0.07), with a volume of 112,685 shares trading hands.

Gemfields Group Trading Up 3.9%

The company has a 50 day moving average price of GBX 5.76 and a 200 day moving average price of GBX 5.43. The firm has a market cap of £103.45 million, a price-to-earnings ratio of -85.71 and a beta of 0.11. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.46 and a current ratio of 2.11.

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).