Insider Buying: Petra Diamonds Limited (LON:PDL) Insider Purchases 4,200,000 Shares of Stock

Petra Diamonds Limited (LON:PDL) insider José Manuel Vargas acquired 4,200,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of GBX 27 ($0.36) per share, for a total transaction of £1,134,000 ($1,518,478.84).

Petra Diamonds Trading Up 6.6 %

LON:PDL opened at GBX 29.20 ($0.39) on Friday. The stock’s 50 day moving average price is GBX 28.66 and its 200 day moving average price is GBX 36.89. Petra Diamonds Limited has a 52 week low of GBX 25 ($0.33) and a 52 week high of GBX 74 ($0.99). The company has a market capitalization of £56.71 million, a P/E ratio of -78.92, a P/E/G ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of 103.61, a quick ratio of 3.52 and a current ratio of 1.85.

About Petra Diamonds

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.