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Gem Diamonds Limited 96.1% Potential Upside Indicated by finnCap

Gem Diamonds Limited using EPIC/TICKER code (LON:GEMD) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at finnCap. Gem Diamonds Limited are listed in the Basic Materials sector within International Main Market. finnCap have set their target price at 150 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 96.1% from today’s opening price of 76.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 0.5 points and decreased 18 points respectively. The 52 week high for the stock is 129.5 GBX while the year low stock price is currently 75.25 GBX.

Gem Diamonds Limited has a 50 day moving average of 85.04 GBX and the 200 Day Moving Average price is recorded at 100.30. There are currently 138,967,190 shares in issue with the average daily volume traded being 25,371. Market capitalisation for LON:GEMD is £105,615,064 GBP.

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