Gemfields Group (LON:GEM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Gemfields Group Limited (LON:GEM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 11.91 ($0.16) and traded as high as GBX 12.15 ($0.16). Gemfields Group shares last traded at GBX 11.75 ($0.15), with a volume of 265,247 shares changing hands.

Gemfields Group Trading Down 2.1 %

The company has a fifty day simple moving average of GBX 11.54 and a two-hundred day simple moving average of GBX 11.91. The company has a debt-to-equity ratio of 13.85, a current ratio of 2.11 and a quick ratio of 2.46. The company has a market capitalization of £137.48 million, a P/E ratio of -1,175.00 and a beta of 0.11.

About Gemfields Group

Gemfields Group Limited, together with its subsidiaries, operates as a mining company. The company operates in six segments: Kagem Mining Limited; Montepuez Ruby Mining Limitada; Development Assets; Fabergé; Corporate; and Other. It explores for emerald, beryl, ruby, corundum, gold, and allied minerals in Zambia, Mozambique, Ethiopia, and Madagascar.