Petra Diamonds (LON:PDL) Shares Up 14.3% – Time to Buy?

Petra Diamonds Limited (LON:PDLGet Free Report)’s stock price rose 14.3% during mid-day trading on Friday . The company traded as high as GBX 32 ($0.40) and last traded at GBX 32 ($0.40). Approximately 765,189 shares traded hands during trading, an increase of 244% from the average daily volume of 222,309 shares. The stock had previously closed at GBX 28 ($0.35).

Petra Diamonds Stock Up 13.6 %

The firm has a 50-day simple moving average of GBX 32.53 and a two-hundred day simple moving average of GBX 32.78. The stock has a market cap of £61.76 million, a P/E ratio of -96.36, a PEG ratio of 0.17 and a beta of 1.45. The company has a current ratio of 1.32, a quick ratio of 3.52 and a debt-to-equity ratio of 140.09.

About Petra Diamonds

(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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