Mountain Province Diamonds (TSE:MPVD) Stock Price Down 20% – What’s Next?

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price dropped 20% during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 411,430 shares were traded during mid-day trading, an increase of 103% from the average session volume of 202,363 shares. The stock had previously closed at C$0.03.

Mountain Province Diamonds Stock Down 20.0%

The company has a market capitalization of C$4.25 million, a PE ratio of -0.01 and a beta of 1.72. The company has a debt-to-equity ratio of -777.82, a quick ratio of 0.18 and a current ratio of 0.77. The company’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.05.

Mountain Province Diamonds (TSE:MPVD) last issued its earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share (EPS) for the quarter. The firm had revenue of C$39.98 million during 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, analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 EPS 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.