Petra Diamonds (LON:PDL) Shares Up 10.1% – Still a Buy?

Petra Diamonds Limited (LON:PDLGet Free Report)’s share price shot up 10.1% during mid-day trading on Wednesday . The company traded as high as GBX 30.80 ($0.38) and last traded at GBX 28.73 ($0.35). 2,113,233 shares were traded during trading, an increase of 440% from the average session volume of 391,447 shares. The stock had previously closed at GBX 26.10 ($0.32).

Petra Diamonds Trading Down 3.8 %

The stock’s 50-day simple moving average is GBX 30.40 and its 200-day simple moving average is GBX 31.18. The company has a debt-to-equity ratio of 140.09, a quick ratio of 3.52 and a current ratio of 1.32. The firm has a market capitalization of £54.57 million, a PE ratio of -85.15, a P/E/G ratio of 0.17 and a beta of 1.45.

About Petra Diamonds

(Get Free Report)

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).

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