Gemfields Group (LON:GEM) Trading Down 8% - Time to Sell?

Key Points

• Gemfields Group shares experienced an 8% decline, trading at GBX 5.52 ($0.07) after closing at GBX 6 ($0.08).
• The company has a market cap of £95.21 million and a negative price-to-earnings ratio of -59.38.
• Gemfields is the operator of the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, both significant assets in the colored gemstone market.

Gemfields Group Limited (LON:GEM - ) shares dropped 8% on Monday . The company traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.52 ($0.07). Approximately 659,693 shares were traded during trading, an increase of 0% from the average daily volume of 659,477 shares. The stock had previously closed at GBX 6 ($0.08).

Gemfields Group Stock Down 8.0%

The business's fifty day moving average is GBX 5.79 and its two-hundred day moving average is GBX 5.37. The company has a quick ratio of 2.46, a current ratio of 2.11 and a debt-to-equity ratio of 16.51. The stock has a market cap of £95.21 million, a price-to-earnings ratio of -59.38 and a beta of 0.11.

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).

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