UK's Petra Diamonds drops as US tariffs lead to potential sales delay

ReutersApr 9, 2025 7:40 AM

Shares of diamond miner Petra Diamonds PDL.L down as much as 6.1% at 26.3p

Stock among top losers in FTSE small-cap index .FTSC, which is down 1.4%

Co's Tender 5 sales for Cullinan Mine (approx. 200,000 carats) postponed due to uncertainty over the U.S. tariffs

Says ongoing market issues, including U.S. tariffs, are affecting pricing assumptions for FY 2025

Peel Hunt reiterates a "buy" rating with a target price of 50 pence

YTD stock down ~9.6%

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