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Gemfields Group (LON:GEM) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Gemfields Group logo with Basic Materials background

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.
  • Five stocks we like better than Gemfields Group.

Gemfields Group Limited (LON:GEM - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Gemfields Group Stock Performance

The company's fifty day moving average is GBX 5.73 and its 200 day moving average is GBX 5.43. 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 has a market capitalization of £97.94 million, a P/E ratio of -81.14 and a beta of 0.11.

About Gemfields Group

(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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