Botswana Diamonds (LON:BOD) Shares Down 9.1% – Here’s What Happened

Shares of Botswana Diamonds plc (LON:BOD) fell 9.1% during mid-day trading on Saturday . The company traded as low as GBX 0.15 ($0.00) and last traded at GBX 0.15 ($0.00). 2,736,199 shares changed hands during mid-day trading, an increase of 162% from the average session volume of 1,043,901 shares. The stock had previously closed at GBX 0.17 ($0.00).

Botswana Diamonds Stock Performance

The business’s 50 day simple moving average is GBX 0.20 and its 200-day simple moving average is GBX 0.27. The company has a market cap of £1.80 million, a price-to-earnings ratio of -11.00 and a beta of 0.80.

Botswana Diamonds Company Profile

Botswana Diamonds plc explores for and develops diamond properties in Botswana, South Africa, and Zimbabwe. The company's flagship property is the Thorny River/Marsfontein property located in South Africa. It also explores primarily in the Kalahari region of Botswana. Botswana Diamonds plc was formerly known as Botswana Exploration plc and changed its name to Botswana Diamonds plc in October 2010.