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Petra Diamonds (LON:PDL) Trading Down 15.5% - Should You Sell?


Petra Diamonds (LON:PDL) Trading Down 15.5%  - Should You Sell?

Petra Diamonds Limited (LON:PDL - Get Free Report)'s share price dropped 15.5% during trading on Monday . The stock traded as low as GBX 23.60 ($0.30) and last traded at GBX 24.50 ($0.31). Approximately 687,157 shares were traded during mid-day trading, an increase of 141% from the average daily volume of 284,606 shares. The stock had previously closed at GBX 29 ($0.36).

The stock has a market capitalization of £61.68 million, a PE ratio of -7.02, a P/E/G ratio of 0.17 and a beta of 1.45. The firm has a 50 day moving average price of GBX 29.04 and a 200 day moving average price of GBX 30.59. The company has a quick ratio of 3.52, a current ratio of 1.32 and a debt-to-equity ratio of 124.59.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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