Petra Diamonds (LON:PDL) Hits New 52-Week Low – Should You Sell?

Petra Diamonds Limited (LON:PDL) reached a new 52-week low on Friday . The stock traded as low as GBX 24.50 ($0.31) and last traded at GBX 28.10 ($0.35), with a volume of 1502000 shares trading hands. The stock had previously closed at GBX 29 ($0.36).

Petra Diamonds Stock Down 3.1 %

The company has a market cap of £54.57 million, a price-to-earnings ratio of -85.15, a PEG ratio of 0.17 and a beta of 1.45. The business has a 50-day simple moving average of GBX 33.21 and a two-hundred day simple moving average of GBX 33.18. The company has a quick ratio of 3.52, a current ratio of 1.32 and a debt-to-equity ratio of 140.09.

Insider Activity at Petra Diamonds

In other news, insider José Manuel Vargas acquired 4,200,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of GBX 27 ($0.34) per share, with a total value of £1,134,000 ($1,425,160.24). 48.56% of the stock is owned by company insiders.

About Petra Diamonds

Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It operates through Mining and Beneficiation segments. The company’s flagship asset is the Cullinan Mine in South Africa. It also provides exploration, treasury, beneficiation, community development, and other services.