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

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

Petra Diamonds Stock Performance

The company has a debt-to-equity ratio of 140.09, a quick ratio of 3.52 and a current ratio of 1.32. The firm has a 50 day moving average price of GBX 33.41 and a two-hundred day moving average price of GBX 33.28. The company has a market capitalization of £54.57 million, a P/E ratio of -85.15, a price-to-earnings-growth ratio of 0.17 and a beta of 1.45.

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 on Friday, September 27th. The shares were purchased at an average cost of GBX 27 ($0.34) per share, with a total value of £1,134,000 ($1,417,322.83). 48.56% of the stock is 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.