Mountain Province Diamonds (TSE:MPVD) Sets New 12-Month Low – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVD) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 578691 shares trading hands. The stock had previously closed at C$0.02.

Mountain Province Diamonds Price Performance

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

Mountain Province Diamonds (TSE:MPVD) last issued its quarterly earnings data 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%. On average, equities research analysts predict 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.