Stellar Diamonds PLC (LON:STEL)‘s stock had its “buy” rating reissued by analysts at Investec in a research note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 10 ($0.14) price objective on the stock. Investec’s price target points to a potential downside of 0.50% from the company’s previous close.

Shares of Stellar Diamonds PLC (LON:STEL) remained flat at GBX 10.50 during midday trading on Thursday. 672 shares of the stock traded hands. The company’s market cap is GBX 1.70 million. The stock has a 50 day moving average price of GBX 9.49 and a 200 day moving average price of GBX 19.30. Stellar Diamonds PLC has a 1-year low of GBX 7.00 and a 1-year high of GBX 65.00.

In other Stellar Diamonds PLC news, insider Smithson,Karl bought 364,123 shares of Stellar Diamonds PLC stock in a transaction that occurred on Thursday, December 3rd. The shares were bought at an average cost of GBX 7 ($0.10) per share, with a total value of £25,488.61 ($36,313.73).

Stellar Diamonds PLC is a diamond development company. The Company is engaged in the acquisition, exploration, development and production of diamond properties in the West African countries of Sierra Leone and Guinea. The Company operates through seven segments: Mandala (LON:STEL), Bomboko (Guinea), Kono (Sierra Leone), Tongo (Sierra Leone), Droujba (Guinea), other exploration and corporate activities in the United Kingdom. The Company’s subsidiaries include Stellar Diamonds Limited, West African Diamonds SARL, Castlebay Resources Limited, Basama Diamond Ltd. (Sierra Leone Branch), Mano River Diamants Guinee SA, Guinean Diamond Corporation Ltd. and Ressources Mandala Guinee SARL, which are engaged in prospecting and exploration of diamonds.

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