Gem Diamonds Ltd. (DI) (GEMD)

Sector:

Mining

Index:

FTSE Fledgling

7.65p
   
  • Change Today:
    -0.14p
  • 52 Week High: 14.85
  • 52 Week Low: 7.44
  • Currency: UK Pounds
  • Shares Issued: 139.90m
  • Volume: 80,301
  • Market Cap: £10.70m
  • RiskGrade: 292
  • Beta: 0.05

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 7.65p
Change Today -0.14p
% Change -1.80 %
52 Week High 14.85
52 Week Low 7.44
Volume 80,301
Shares Issued 139.90m
Market Cap £10.70m
Beta 0.05
RiskGrade 292

GEMD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.78% above the market average88.78% above the market average88.78% above the market average88.78% above the market average88.78% above the market average
63.49% above the sector average63.49% above the sector average63.49% above the sector average63.49% above the sector average63.49% above the sector average
Price Trend
75.47% below the market average75.47% below the market average75.47% below the market average75.47% below the market average75.47% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income Not Available
Growth
36.53% below the market average36.53% below the market average36.53% below the market average36.53% below the market average36.53% below the market average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_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 03-Jun-2025

Time Volume / Share Price
16:27 1 @ 7.69p
14:59 23 @ 7.90p
11:08 27 @ 7.50p
11:08 50,000 @ 7.50p
11:08 30,250 @ 7.52p

GEMD Key Personnel

CEO Clifford Thomas Elphick
CFO Michael Michael

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