Mountain Province Diamonds (TSE:MPVD) Trading Down 14.3% – Should You Sell?

by · The Markets Daily

Mountain Province Diamonds Inc. (TSE:MPVD – Get Free Report) was down 14.3% on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 183,030 shares were traded during trading, an increase of 15% from the average daily volume of 159,528 shares. The stock had previously closed at C$0.04.

Mountain Province Diamonds Stock Performance

The company has a 50 day moving average of C$0.05 and a two-hundred day moving average of C$0.06. The company has a debt-to-equity ratio of -777.82, a current ratio of 0.77 and a quick ratio of 0.18. The company has a market capitalization of C$6.38 million, a PE ratio of -0.02 and a beta of 1.43.

Mountain Province Diamonds (TSE:MPVD – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported C($0.31) EPS for the quarter. The business had revenue of C$39.98 million for the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. As a group, equities research analysts predict that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current year.

About Mountain Province Diamonds

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Mountain Province Diamonds Inc is engaged in the discovery and development of diamond properties in Canada’s Northwest Territories. The company holds interests in Gahcho Kue Diamond Mine in Canada’s Northwest Territories as a joint venture partner with De Beers Canada. Its other projects include the Kennady North which covers a portion of the southeastern Slave Geological Province, an Archean terrain.

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