First Manhattan Co. bought a new position in Mountain Province Diamonds Inc. (NASDAQ:MPVD) during the second quarter, Holdings Channel reports. The fund bought 273,126 shares of the company’s stock, valued at approximately $819,000.

Shares of Mountain Province Diamonds Inc. (NASDAQ:MPVD) opened at 3.85 on Tuesday. Mountain Province Diamonds Inc. has a one year low of $2.55 and a one year high of $5.52. The stock’s market cap is $616.67 million. The stock’s 50 day moving average price is $3.26 and its 200-day moving average price is $3.55.

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Separately, Zacks Investment Research cut Mountain Province Diamonds from a “hold” rating to a “sell” rating in a report on Friday, May 12th.

Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc is a resource company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company holds interests in the GK Diamond Mine. The GK Diamond Mine is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, 300 kilometers east-northeast of Yellowknife and 80 kilometers east-southeast of the Snap Lake Mine.

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