Petra Diamonds hits record low on plans to cut jobs, place Finsch mine into bankruptcy protection
29/05/2026 15:19
BUZZ-Petra Diamonds hits record low on plans to cut jobs, place Finsch mine into bankruptcy protection ** Shares of diamond miner Petra Diamonds PDL.L plummet 31.9% to an all-time low of 31.8p
** PDL plans job cuts, places Finsch mine into bankruptcy protection to restructure amid pressure from Middle East turmoil, a stronger rand and weak diamond demand
** Co has suspended its fiscal 2026 to 2030 guidance
** YTD, stock has fallen ~35%
(Reporting by Tuhina in Bengaluru)
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