Petra Diamonds ( (GB:PDL) ) has shared an update.
Petra Diamonds announced that José Manuel Vargas, a Non-Executive Director, has purchased 343,139 ordinary shares, increasing his stake to approximately 11.56% of the company’s issued share capital. This transaction reflects confidence in Petra’s strategic focus on value production and its potential for long-term sustainable operations, which may positively impact stakeholder value and the company’s market positioning.
More about Petra Diamonds
Petra Diamonds is a leading independent diamond mining group, supplying gem quality rough diamonds to the international market. The company operates two underground mines in South Africa and one open pit mine in Tanzania. Petra focuses on optimizing recoveries from its high-quality asset base to maximize efficiency and profitability, while adhering to high ethical standards and contributing to socio-economic development in its host countries.
YTD Price Performance: -17.74%
Average Trading Volume: 328,676
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £49.52M
Learn more about PDL stock on TipRanks’ Stock Analysis page.