Petra Diamonds (LON:PDL) Share Price Passes Below Two Hundred Day Moving Average of $46.80

Petra Diamonds Limited (LON:PDL)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 46.80 ($0.59) and traded as low as GBX 40.70 ($0.52). Petra Diamonds shares last traded at GBX 43.80 ($0.56), with a volume of 24,148 shares trading hands.

Petra Diamonds Stock Performance

The company has a quick ratio of 3.52, a current ratio of 1.85 and a debt-to-equity ratio of 103.61. The company has a market cap of £85.06 million, a P/E ratio of -112.31, a P/E/G ratio of 0.17 and a beta of 1.48. The business has a fifty day moving average of GBX 42.94 and a 200 day moving average of GBX 46.80.

Insiders Place Their Bets

In other news, insider José Manuel Vargas acquired 1,500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of GBX 40 ($0.51) per share, for a total transaction of £600,000 ($762,388.82). 40.18% of the stock is owned by corporate insiders.

Petra Diamonds Company Profile

Petra Diamonds Limited, an investment holding company, engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It also provides treasury, beneficiation, and other services. Petra Diamonds Limited was incorporated in 1997 and is based in London, the United Kingdom.