Gemfields Group (LON:GEM) Stock Price Down 10.2% - What's Next?

Key Points

• Gemfields Group's share price dropped by 10.2% on Friday, trading as low as GBX 5.40 ($0.07) before closing at GBX 5.50 ($0.07).
• The company has a market cap of £87.35 million and a P/E ratio of -72.37, indicating significant losses.
• Gemfields Group operates the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, highlighting its role as a leading miner of coloured gemstones.

Gemfields Group Limited (LON:GEM - )'s share price traded down 10.2% during trading on Friday . The company traded as low as GBX 5.40 ($0.07) and last traded at GBX 5.50 ($0.07). 840,909 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 667,196 shares. The stock had previously closed at GBX 6.13 ($0.08).

Gemfields Group Stock Performance

The stock has a market cap of £87.35 million, a P/E ratio of -72.37 and a beta of 0.11. The company has a fifty day moving average price of GBX 5.72 and a 200 day moving average price of GBX 5.39. The company has a debt-to-equity ratio of 16.51, a current ratio of 2.11 and a quick ratio of 2.46.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.