Petra Diamonds Director Buys Hefty Share Amount

Petra Diamonds (GB:PDL) has released an update.

José-Manuel Vargas, a Non-Executive Director at Petra Diamonds, has significantly increased his stake in the company by purchasing 4.2 million shares, bringing his total holdings to approximately 10.92% of the issued share capital. This purchase, made at an average price of 27.08 pence per share, represents a notable investment of £1,137,540 in the diamond mining group. Petra Diamonds is known for its focus on high-quality diamond production and ethical operations within the Kimberley Process member countries.

For further insights into GB:PDL stock, check out TipRanks’ Stock Analysis page.