Petra Diamonds (LON:PDL) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Petra Diamonds Limited (LON:PDLGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 30.40 ($0.39) and traded as low as GBX 29.10 ($0.38). Petra Diamonds shares last traded at GBX 30.40 ($0.39), with a volume of 436,817 shares traded.

Petra Diamonds Price Performance

The stock has a market cap of £76.53 million, a PE ratio of -8.71, a PEG ratio of 0.17 and a beta of 1.45. The company has a debt-to-equity ratio of 124.59, a current ratio of 1.32 and a quick ratio of 3.52. The firm has a 50-day moving average of GBX 27.90 and a 200-day moving average of GBX 30.40.

Insider Buying and Selling

In other news, insider José Manuel Vargas acquired 343,139 shares of Petra Diamonds stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of GBX 26 ($0.34) per share, with a total value of £89,216.14 ($115,281.22). 48.56% of the stock is owned by company insiders.

Petra Diamonds Company Profile

(Get Free Report)

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 three underground mines in South Africa (Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania (Williamson).

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