Gemfields Group (PLLHF) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Gemfields Group reports a successful auction of commercial-quality sapphires and rubies, achieving revenues of $2.3 million from the sale of all 5.7 million carats offered. The auction, which took place over three days, drew strong demand, particularly benefiting cutting centers in Thailand and India. Proceeds from this auction will be repatriated to Mozambique, contributing royalties to the local government.
For further insights into PLLHF stock, check out TipRanks’ Stock Analysis page.