Petra Diamonds (LON:PDL) Trading 3.2% Higher – Still a Buy?

Shares of Petra Diamonds Limited (LON:PDL) traded up 3.2% during trading on Friday . The stock traded as high as GBX 29.50 ($0.37) and last traded at GBX 28.90 ($0.36). 229,776 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 214,598 shares. The stock had previously closed at GBX 28 ($0.35).

Petra Diamonds Trading Up 3.2 %

The company’s 50 day simple moving average is GBX 34.24 and its 200 day simple moving average is GBX 33.66. The company has a debt-to-equity ratio of 140.09, a current ratio of 1.32 and a quick ratio of 3.52. The firm has a market cap of £56.12 million, a price-to-earnings ratio of -87.58, a P/E/G ratio of 0.17 and a beta of 1.45.

Insider Buying and Selling

In other Petra Diamonds news, insider José Manuel Vargas purchased 4,200,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of GBX 27 ($0.34) per share, for a total transaction of £1,134,000 ($1,431,276.03). 48.56% of the stock is currently owned by 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.