Petra Diamonds (LON:PDL) Stock Price Passes Below Two Hundred Day Moving Average of $46.34

Petra Diamonds Limited (LON:PDL) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 46.34 ($0.59) and traded as low as GBX 40 ($0.51). Petra Diamonds shares last traded at GBX 40.90 ($0.52), with a volume of 8,930 shares trading hands.

Petra Diamonds Stock Up 2.0 %

The firm’s 50 day simple moving average is GBX 42.81 and its 200-day simple moving average is GBX 46.34. The company has a debt-to-equity ratio of 103.61, a current ratio of 1.85 and a quick ratio of 3.52. The company has a market cap of £79.43 million, a price-to-earnings ratio of -104.87, a P/E/G ratio of 0.17 and a beta of 1.48.

Insiders Place Their Bets

In other news, insider José Manuel Vargas acquired 1,500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of GBX 40 ($0.51) per share, with a total value of £600,000 ($758,917.28). 40.18% of the stock is currently owned by corporate insiders.

Petra Diamonds Company Profile

Petra Diamonds Limited, an investment holding company, engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It also provides treasury, beneficiation, and other services. Petra Diamonds Limited was incorporated in 1997 and is based in London, the United Kingdom.