Gem Diamonds Ltd. (DI) (GEMD)

Sector:

Mining

Index:

FTSE Fledgling

11.18p
   
  • Change Today:
    -0.100p
  • 52 Week High: 14.85p
  • 52 Week Low: 7.99p
  • Currency: UK Pounds
  • Shares Issued: 139.72m
  • Volume: 5,425
  • Market Cap: £15.61m
  • RiskGrade: 292
  • Beta: 0.87

Shares in Gem Diamonds shine on 'remarkable' recovery

By Abigail Townsend

Date: Wednesday 29 May 2024

LONDON (ShareCast) - (Sharecast News) - Gem Diamonds has recovered a 212 carat precious stone, the miner confirmed on Wednesday, sending its shares higher.


The London-listed miner, which has a 70% stake in the Letseng mine in Lesotho, said a "remarkable" 212.49 carat type II white diamond had been recovered at the site on 28 May.

As at 0945 BST, the stock had jumped 5% at 13.15p, having earlier added as much as 8%.

It is the sixth greater-than-100 carat diamond Gem has recovered this year. The Letseng mine is known for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mind in the world.

Last month Gem - a specialist in high value diamonds - discovered at 169.15 carat diamond at the southern African site.

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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.

 

GEMD Market Data

Currency UK Pounds
Share Price 11.18p
Change Today -0.100p
% Change -0.89 %
52 Week High 14.85p
52 Week Low 7.99p
Volume 5,425
Shares Issued 139.72m
Market Cap £15.61m
Beta 0.87
RiskGrade 292

GEMD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.93% below the market average6.93% below the market average6.93% below the market average6.93% below the market average6.93% below the market average
55.91% below the sector average55.91% below the sector average55.91% below the sector average55.91% below the sector average55.91% below the sector average
Price Trend
54.58% below the market average54.58% below the market average54.58% below the market average54.58% below the market average54.58% below the market average
9.49% below the sector average9.49% below the sector average9.49% below the sector average9.49% below the sector average9.49% below the sector average
Income Not Available
Growth
98.33% below the market average98.33% below the market average98.33% below the market average98.33% below the market average98.33% below the market average
96.61% below the sector average96.61% below the sector average96.61% below the sector average96.61% below the sector average96.61% 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.

GEMD Dividends

  Latest Previous
  Final Final
Ex-Div 19-May-22 13-May-21
Paid 21-Jun-22 15-Jun-21
Amount 2.70¢ 2.50¢

Trades for 21-Nov-2024

Time Volume / Share Price
16:20 1,500 @ 10.55p
10:36 3,410 @ 10.98p
08:56 15 @ 10.55p
08:42 150 @ 11.00p
08:34 350 @ 11.40p

GEMD Key Personnel

CEO Clifford Thomas Elphick
CFO Michael Michael

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