Gemfields Group Limited (GEM)

Sector:

Mining

Index:

FTSE AIM All-Share

12.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 19.25
  • 52 Week Low: 11.60
  • Currency: UK Pounds
  • Shares Issued: 1,166.70m
  • Volume: 121,028
  • Market Cap: £140.00m
  • RiskGrade: 202

Gemfields swings to interim loss as Covid-19 halts auctions

By Iain Gilbert

Date: Monday 14 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Natural resources mining firm Gemfields said on Monday that it had swung to an interim loss after being "severely impacted" by the Covid-19 pandemic.

Gemfields expects to report a net loss after tax of $56.7m for the six months ended 30 June, a marked turnaround when compared to the profit of $12.4m reported during the same period a year earlier.

The AIM-listed firm expects losses per share to be $0.04 versus earnings per shares of $0.01 each in 2019.

Gemfields said its 2020 auction schedule had been hurt by travel and quarantine restrictions put in place to mitigate the spread of Covid-19 and had only been able to host one auction in the year, yielding $11.5m from the sale of commercial quality emeralds in February.

The group highlighted that it remained unable to provide reliable guidance as to when it might next be able to host gemstone auctions or generate meaningful revenue from gemstone sales.

As of 0900 BST, Gemfields shares were up 3.04% at 5.92p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GEM Market Data

Currency UK Pounds
Share Price 12.00p
Change Today -0.50p
% Change -4.00 %
52 Week High 19.25
52 Week Low 11.60
Volume 121,028
Shares Issued 1,166.70m
Market Cap £140.00m
RiskGrade 202

GEM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
75.57% below the sector average75.57% below the sector average75.57% below the sector average75.57% below the sector average75.57% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
16.08% above the sector average16.08% above the sector average16.08% above the sector average16.08% above the sector average16.08% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
84.38% below the sector average84.38% below the sector average84.38% below the sector average84.38% below the sector average84.38% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GEM Dividends

  Latest Previous
  Final Final
Ex-Div 06-Jun-24 27-Apr-23
Paid 24-Jun-24 12-May-23
Amount 0.86¢ 2.89¢

Trades for 28-Mar-2024

Time Volume / Share Price
15:13 107 @ 12.18p
14:06 1,285 @ 11.83p
14:00 9,000 @ 12.00p
14:00 9,000 @ 12.00p
12:10 40,000 @ 12.13p

GEM Key Personnel

CEO Sean Gilbertson
CFO David John Lovett

Top of Page