Gemfields Group (LON:GEM) Sets New 1-Year Low – Here’s What Happened

Gemfields Group Limited (LON:GEM)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 7.75 ($0.10) and last traded at GBX 7.89 ($0.10), with a volume of 251257 shares changing hands. The stock had previously closed at GBX 8.15 ($0.10).

Gemfields Group Trading Down 3.3 %

The firm has a market cap of £92.25 million, a price-to-earnings ratio of -815.00 and a beta of 0.11. The business’s 50 day moving average price is GBX 10.43 and its 200-day moving average price is GBX 11.36. The company has a debt-to-equity ratio of 13.85, a quick ratio of 2.46 and a current ratio of 2.11.

Gemfields Group Company Profile

Gemfields Group Limited, together with its subsidiaries, operates as a mining company. The company operates in six segments: Kagem Mining Limited; Montepuez Ruby Mining Limitada; Development Assets; Fabergé; Corporate; and Other. It explores for emerald, beryl, ruby, corundum, gold, and allied minerals in Zambia, Mozambique, Ethiopia, and Madagascar.