Petra Diamonds (LON:PDL) Stock Crosses Below 200 Day Moving Average of $101.86

Petra Diamonds Limited (LON:PDL – Get Rating) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 101.86 ($1.24) and traded as low as GBX 92.50 ($1.13). Petra Diamonds shares last traded at GBX 95 ($1.16), with a volume of 999,778 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating on shares of Petra Diamonds in a research report on Thursday, December 1st.

Petra Diamonds Stock Down 6.9 %

The company has a current ratio of 4.53, a quick ratio of 3.52 and a debt-to-equity ratio of 81.21. The business has a 50-day moving average price of GBX 96.87 and a 200-day moving average price of GBX 101.86. The firm has a market cap of £184.49 million and a P/E ratio of 327.59.

Petra Diamonds Company Profile

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Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It holds interests in three underground producing mines, including the Cullinan, Finsch, and Koffiefontein mines located in South Africa; and the Williamson mine located in Tanzania.