Firestone Diamonds (FDI) Hits New 12-Month Low at $9.50

Firestone Diamonds PLC (LON:FDI) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 9.50 ($0.13) and last traded at GBX 9.75 ($0.13), with a volume of 6188 shares trading hands. The stock had previously closed at GBX 9.75 ($0.13).

A number of research firms have weighed in on FDI. FinnCap restated an “under review” rating on shares of Firestone Diamonds in a research note on Friday, September 29th. Panmure Gordon decreased their price target on Firestone Diamonds from GBX 68 ($0.91) to GBX 38 ($0.51) and set a “buy” rating for the company in a research note on Monday, September 11th. Royal Bank of Canada downgraded Firestone Diamonds to a “sector performer” rating and decreased their price target for the company from GBX 46 ($0.62) to GBX 19 ($0.25) in a research note on Thursday, October 12th. Finally, Macquarie restated an “outperform” rating and issued a GBX 55 ($0.74) price target on shares of Firestone Diamonds in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 42 ($0.56).

The company has a market cap of $11.58 and a P/E ratio of -35.19.

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Firestone Diamonds Company Profile

Firestone Diamonds plc is a United Kingdom-based company, which is engaged in diamond mining, exploration and development in southern Africa. The Company focuses on two principal geographic areas: Lesotho and Botswana. The Company’s segments include Lesotho, Botswana, and United Kingdom and other. The Company has two mines, Liqhobong in Lesotho where construction of the Liqhobong Mine Development Project is nearing completion and BK11 in Botswana, which remains on care and maintenance.

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