Petra Diamonds (LON:PDL) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Petra Diamonds Limited (LON:PDLGet Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 30.40 ($0.39) and traded as low as GBX 29.10 ($0.37). Petra Diamonds shares last traded at GBX 30.40 ($0.39), with a volume of 436,817 shares changing hands.

Petra Diamonds Stock Down 1.0 %

The firm’s 50-day simple moving average is GBX 28.03 and its two-hundred day simple moving average is GBX 30.45. The company has a debt-to-equity ratio of 124.59, a quick ratio of 3.52 and a current ratio of 1.32. The stock has a market cap of £76.25 million, a price-to-earnings ratio of -8.68, a PEG ratio of 0.17 and a beta of 1.45.

Insiders Place Their Bets

In other news, insider José Manuel Vargas bought 343,139 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of GBX 26 ($0.33) per share, with a total value of £89,216.14 ($114,865.64). Corporate insiders own 48.56% of the company’s stock.

Petra Diamonds Company Profile

(Get Free Report)

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in three underground mines in South Africa (Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania (Williamson).

Further Reading

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