Mountain Province Diamonds (TSE:MPVD) Reaches New 1-Year Low – What’s Next?

Mountain Province Diamonds Inc. (TSE:MPVD)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.06, with a volume of 84996 shares changing hands. The stock had previously closed at C$0.04.

Mountain Province Diamonds Price Performance

The business has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.06. The company has a market cap of C$8.50 million, a price-to-earnings ratio of -0.03 and a beta of 1.43. 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 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 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, research 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.