Gem Diamonds (LON:GEMD) falls on thin liquidity after Q1 Letšeng price jump
Gem Diamonds Limited closed Tuesday at 3.40p, off 0.05p, after London’s trading session ended at 18:03 BST. The London Stock Exchange’s normal hours are 0800 to 1630. MarketWatch said volume hit 107,350 shares, which is 59% of the 65-day average. The company’s market cap sits at about £4.8 million. The bigger number was the trading cost. AJ Bell had Gem quoted at 3.40p to sell and 3.88p to buy, giving a 0.48p spread. With a midpoint at 3.64p, that works out to about 13.2%. With the stock’s market cap still under £5 million, that spread can be more important than whatever the price does in a day.