Mountain Province Diamonds (TSE:MPVD) Trading Down 20% – Should You Sell?

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) dropped 20% on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 999,773 shares changed hands during mid-day trading, an increase of 466% from the average daily volume of 176,754 shares. The stock had previously closed at C$0.03.

Mountain Province Diamonds Trading Down 20.0%

The company has a market cap of C$4.25 million, a price-to-earnings ratio of -0.01 and a beta of 1.72. The firm has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.06. The company has a quick ratio of 0.18, a current ratio of 0.77 and a debt-to-equity ratio of -777.82.

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