Petra Diamonds (LON:PDL) Trading 10.7% Higher – Should You Buy?

Petra Diamonds Limited (LON:PDL)’s share price rose 10.7% on Friday . The stock traded as high as GBX 27.50 ($0.36) and last traded at GBX 27 ($0.35). Approximately 490,394 shares traded hands during trading, an increase of 20% from the average daily volume of 409,506 shares. The stock had previously closed at GBX 24.40 ($0.32).

Petra Diamonds Stock Performance

The company has a debt-to-equity ratio of 124.59, a quick ratio of 3.52 and a current ratio of 1.32. The firm has a market capitalization of £67.97 million, a price-to-earnings ratio of -7.74, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45. The firm’s 50-day moving average price is GBX 28.02 and its two-hundred day moving average price is GBX 30.46.

Insider Transactions at Petra Diamonds

In other news, insider José Manuel Vargas purchased 343,139 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of GBX 26 ($0.34) per share, with a total value of £89,216.14 ($115,804.96). 48.56% of the stock is currently owned by insiders.

Petra Diamonds Company Profile

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 two underground mines in South Africa (Cullinan and Finsch Mines) and one open pit mine in Tanzania (Williamson). In January 2025, Petra announced that it has entered into an agreement to sell its entire shareholding in the entity that holds Petra’s interest in Williamson.

Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability.