Petra Diamonds (LON:PDL) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Petra Diamonds Limited (LON:PDL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 36.46 ($0.48) and traded as high as GBX 38.76 ($0.51). Petra Diamonds shares last traded at GBX 35.30 ($0.46), with a volume of 222,364 shares.

Petra Diamonds Trading Down 7.1 %

The stock’s 50-day simple moving average is GBX 29.21 and its two-hundred day simple moving average is GBX 36.46. The company has a debt-to-equity ratio of 140.09, a current ratio of 1.32 and a quick ratio of 3.52. The firm has a market capitalization of £68.55 million, a P/E ratio of -106.97, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45.

Insider Activity at Petra Diamonds

In other Petra Diamonds news, insider Richard Duffy purchased 80,879 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of GBX 30 ($0.39) per share, with a total value of £24,263.70 ($31,684.12). In related news, insider José Manuel Vargas bought 4,200,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of GBX 27 ($0.35) per share, for a total transaction of £1,134,000 ($1,480,804.39). Also, insider Richard Duffy purchased 80,879 shares of Petra Diamonds stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of GBX 30 ($0.39) per share, for a total transaction of £24,263.70 ($31,684.12). 48.56% of the stock is owned by corporate insiders.

About Petra Diamonds

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.