Gemfields Group (LON:GEM) Stock Crosses Below 200 Day Moving Average – Here’s Why

Gemfields Group Limited (LON:GEMGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 10.12 ($0.12) and traded as low as GBX 6.01 ($0.07). Gemfields Group shares last traded at GBX 6.01 ($0.07), with a volume of 519 shares changing hands.

Gemfields Group Price Performance

The stock has a fifty day moving average of GBX 7.69 and a 200-day moving average of GBX 10.12. The company has a quick ratio of 2.46, a current ratio of 2.11 and a debt-to-equity ratio of 13.85. The firm has a market capitalization of £70.32 million, a P/E ratio of -601.00 and a beta of 0.11.

About Gemfields Group

(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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