Gemfields Group (LON:GEM) Stock Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Gemfields Group (LON:GEM) shares crossed below its 200-day moving average of GBX 5.46 on Thursday, trading as low as GBX 4.55 and last at GBX 4.90 on a volume of 250,000 shares.
• Key fundamentals: market cap £86.21m, negative P/E of -1.92, debt-to-equity 31.57, with a quick ratio of 2.46 and current ratio of 1.77 indicating solid short-term liquidity.
• Operationally, Gemfields is a major coloured-gemstone miner and marketer, operating and owning 75% of the Kagem emerald mine (Zambia) and the Montepuez ruby mine (Mozambique).

Gemfields Group Limited (LON:GEM - )'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5.46 and traded as low as GBX 4.55. Gemfields Group shares last traded at GBX 4.90, with a volume of 250,000 shares traded.

Gemfields Group Price Performance

The company has a debt-to-equity ratio of 31.57, a quick ratio of 2.46 and a current ratio of 1.77. The firm has a market cap of £86.21 million, a P/E ratio of -1.92 and a beta of 0.11. The company has a 50-day moving average of GBX 4.89 and a 200 day moving average of GBX 5.46.

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). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

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