Gemfields Group (LON:GEM) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Gemfields Group's stock price has surpassed its 200-day moving average, trading at GBX 5.75 ($0.08) with a total volume of 599,279 shares.
• The company has a market capitalization of £99.14 million, a debt-to-equity ratio of 16.51, and a current ratio of 2.11.
• Gemfields operates the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, making it a leading player in the colored gemstones market.

Shares of Gemfields Group Limited (LON:GEM - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5.41 ($0.07) and traded as high as GBX 5.75 ($0.08). Gemfields Group shares last traded at GBX 5.75 ($0.08), with a volume of 599,279 shares changing hands.

Gemfields Group Stock Up 2.4%

The company has a market cap of £103.71 million, a price-to-earnings ratio of -85.93 and a beta of 0.11. 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 business has a fifty day moving average price of GBX 5.70 and a two-hundred day moving average price of GBX 5.39.

Gemfields Group Company Profile

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).