Mountain Province Diamonds (TSE:MPVD) Shares Down 14.3% – Here’s What Happened

Mountain Province Diamonds Inc. (TSE:MPVD) shares traded down 14.3% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 394,556 shares were traded during trading, an increase of 97% from the average session volume of 200,012 shares. The stock had previously closed at C$0.04.

Mountain Province Diamonds Stock Down 14.3%

The stock has a market cap of C$6.38 million, a price-to-earnings ratio of -0.02 and a beta of 1.72. The business’s fifty day moving average is C$0.04 and its two-hundred day moving average is 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 released its earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share (EPS) for the quarter. The company had revenue of C$39.98 million during the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. Equities analysts forecast that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current fiscal 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.