Mountain Province Diamonds (TSE:MPVD) Trading Down 18.2% – Should You Sell?

Mountain Province Diamonds Inc. (TSE:MPVD)’s stock price fell 18.2% on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 707,811 shares were traded during mid-day trading, an increase of 404% from the average session volume of 140,508 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Stock Performance

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 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The firm has a market cap of C$8.50 million, a PE ratio of -0.03 and a beta of 1.43.

Mountain Province Diamonds (TSE:MPVD) last posted its quarterly 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 return on equity of 397.12% and a negative net margin of 204.48%. As a group, equities research analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 EPS for the current year.

Mountain Province Diamonds Company Profile

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.