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Petra Diamonds Limited 76% Potential Upside Indicated by finnCap

Petra Diamonds Limited with EPIC/TICKER LON:PDL had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at finnCap. Petra Diamonds Limited are listed in the Basic Materials sector within International Main Market. finnCap have set a target price of 213 GBX on its stock. This indicates the analyst now believes there is a potential upside of 76% from today’s opening price of 121 GBX. Over the last 30 and 90 trading days the company share price has increased 18.75 points and decreased 6.5 points respectively.

 

Petra Diamonds Limited LON:PDL has a 50 day moving average of 117.67 GBX and a 200 Day Moving Average share price is recorded at 98.62 GBX. The 52 week high for the stock is 162.8 GBX while the year low share price is currently 52.76 GBX. There are currently 529,215,397 shares in issue with the average daily volume traded being 1,236,006. Market capitalisation for LON:PDL is £641,673,669 GBP.

 

Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana. It has interests in five producing mines: Finsch, Cullinan, Koffiefontein, Kimberley Underground and Williamson, which is located in Tanzania.

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