First Manhattan Co. Buys New Position in Mountain Province Diamonds Inc. (MPVD)

First Manhattan Co. bought a new position in shares of Mountain Province Diamonds Inc. (NASDAQ:MPVD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 273,126 shares of the company’s stock, valued at approximately $819,000. First Manhattan Co. owned 0.17% of Mountain Province Diamonds at the end of the most recent quarter.

Mountain Province Diamonds Inc. (MPVD) opened at 3.85 on Tuesday. The stock’s market cap is $616.67 million. Mountain Province Diamonds Inc. has a 1-year low of $2.55 and a 1-year high of $5.52. The stock has a 50 day moving average of $3.26 and a 200 day moving average of $3.55.

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Separately, Zacks Investment Research raised shares of Mountain Province Diamonds from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th.

About Mountain Province Diamonds

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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