Petra Diamonds (LON:PDL) Share Price Passes Below 200-Day Moving Average – What’s Next?

Petra Diamonds Limited (LON:PDL) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 35.53 ($0.46) and traded as low as GBX 34.20 ($0.44). Petra Diamonds shares last traded at GBX 34.40 ($0.44), with a volume of 23,141 shares traded.

Petra Diamonds Trading Up 0.1 %

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 cap of £66.90 million, a PE ratio of -104.24, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45. The company’s 50 day moving average price is GBX 32.10 and its 200 day moving average price is GBX 35.53.

Insider Activity

In related news, insider José Manuel Vargas purchased 4,200,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were bought at an average price of GBX 27 ($0.35) per share, for a total transaction of £1,134,000 ($1,459,271.65). Insiders own 48.56% of the company’s stock.

Petra Diamonds Company Profile

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.