Petra Diamonds (LON:PDL) Stock Passes Above 200 Day Moving Average – What’s Next?

Petra Diamonds Limited (LON:PDLGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 35 ($0.44) and traded as high as GBX 36 ($0.46). Petra Diamonds shares last traded at GBX 34.65 ($0.44), with a volume of 20,613 shares.

Petra Diamonds Stock Performance

The company has a 50-day simple moving average of GBX 33.31 and a two-hundred day simple moving average of GBX 35. The company has a debt-to-equity ratio of 140.09, a quick ratio of 3.52 and a current ratio of 1.32. The firm has a market capitalization of £67.29 million, a P/E ratio of -105.00, a PEG ratio of 0.17 and a beta of 1.45.

Insider Activity

In related news, insider José Manuel Vargas acquired 4,200,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average price of GBX 27 ($0.34) per share, for a total transaction of £1,134,000 ($1,434,898.14). Company insiders own 48.56% of the company’s stock.

Petra Diamonds Company Profile

(Get Free Report)

Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It operates through Mining and Beneficiation segments. The company’s flagship asset is the Cullinan Mine in South Africa. It also provides exploration, treasury, beneficiation, community development, and other services.

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