Petra Diamonds (LON:PDL) Trading Up 10.1% – Here’s Why

Shares of Petra Diamonds Limited (LON:PDL) traded up 10.1% during mid-day trading on Wednesday . The company traded as high as GBX 30.80 ($0.38) and last traded at GBX 28.73 ($0.35). 2,113,233 shares changed hands during trading, an increase of 440% from the average session volume of 391,447 shares. The stock had previously closed at GBX 26.10 ($0.32).

Petra Diamonds Stock Performance

The business’s 50-day moving average price is GBX 30.50 and its 200-day moving average price is GBX 31.24. The stock has a market cap of £57.54 million, a P/E ratio of -89.79, a P/E/G ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of 140.09, a quick ratio of 3.52 and a current ratio of 1.32.

Petra Diamonds Company Profile

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).