Petra Diamonds (LON:PDL) Hits New 1-Year Low at $29.20

Petra Diamonds Limited (LON:PDL)’s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 29.20 ($0.37) and last traded at GBX 29.90 ($0.38), with a volume of 4259 shares traded. The stock had previously closed at GBX 29.90 ($0.38).

Petra Diamonds Stock Performance

The stock has a market capitalization of £58.07 million, a P/E ratio of -76.67, a price-to-earnings-growth ratio of 0.17 and a beta of 1.48. The company has a current ratio of 1.85, a quick ratio of 3.52 and a debt-to-equity ratio of 103.61. The company has a 50-day moving average price of GBX 38.38 and a two-hundred day moving average price of GBX 42.

Insiders Place Their Bets

In other Petra Diamonds news, insider José Manuel Vargas purchased 1,500,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of GBX 40 ($0.51) per share, for a total transaction of £600,000 ($766,773.16). 40.18% of the stock is currently owned by corporate insiders.

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.