Mountain Province Diamonds (TSE:MPVD) Trading 50% Higher – Should You Buy?

Mountain Province Diamonds Inc. (TSE:MPVD) rose 50% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.03. Approximately 2,118,626 shares changed hands during mid-day trading, an increase of 955% from the average daily volume of 200,785 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Trading Up 50.0%

The firm has a market capitalization of C$6.38 million, a PE ratio of -0.02 and a beta of 1.72. The firm has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.06. The company has a current ratio of 0.77, a quick ratio of 0.18 and a debt-to-equity ratio of -777.82.

Mountain Province Diamonds (TSE:MPVD) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share (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. Equities analysts expect that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current fiscal year.

About Mountain Province Diamonds

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.