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Gemfields Group (LON:GEM) Stock Price Down 21.3% - What's Next?

Gemfields Group logo with Basic Materials background

Gemfields Group Limited (LON:GEM - Get Free Report)'s stock price was down 21.3% during trading on Friday . The company traded as low as GBX 4.60 ($0.06) and last traded at GBX 4.63 ($0.06). Approximately 192,726 shares traded hands during trading, a decline of 62% from the average daily volume of 507,105 shares. The stock had previously closed at GBX 5.88 ($0.08).

Gemfields Group Stock Performance

The stock's 50-day simple moving average is GBX 6.19 and its 200 day simple moving average is GBX 7.86. The company has a debt-to-equity ratio of 16.51, a current ratio of 2.11 and a quick ratio of 2.46. The stock has a market capitalization of £68.70 million, a P/E ratio of -5.72 and a beta of 0.11.

Gemfields Group Company Profile

(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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