Karelian Diamond Resources (LON:KDR) Shares Down 18.5% – Here’s Why

Karelian Diamond Resources Plc (LON:KDRGet Free Report)’s share price was down 18.5% during mid-day trading on Wednesday . The stock traded as low as GBX 1.10 ($0.01) and last traded at GBX 1.10 ($0.01). Approximately 1,565,803 shares traded hands during mid-day trading, an increase of 362% from the average daily volume of 338,994 shares. The stock had previously closed at GBX 1.35 ($0.02).

Karelian Diamond Resources Price Performance

The firm has a market cap of £1.22 million, a P/E ratio of -4.29 and a beta of 0.93. The stock’s 50-day moving average is GBX 1.18 and its 200-day moving average is GBX 1.38. The company has a quick ratio of 0.11, a current ratio of 0.06 and a debt-to-equity ratio of 1.29.

About Karelian Diamond Resources

(Get Free Report)

Karelian Diamond Resources Plc engages in the exploration and development of diamond deposits. It holds interests in the Lahtojoki diamond project located in the KuopioKaavi region in Finland; and the Seitaperä diamondiferous kimberlite pipe and the Riihivaara diamond projects situated in the Kuhmo area, Finland.

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