Mountain Province Diamonds (TSE:MPVD) Shares Down 20% – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price fell 20% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 999,773 shares traded hands during trading, an increase of 466% from the average session volume of 176,754 shares. The stock had previously closed at C$0.03.

Mountain Province Diamonds Price Performance

The stock has a market capitalization of C$7.44 million, a PE ratio of -0.02 and a beta of 1.72. The business’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.06. The company has a debt-to-equity ratio of -777.82, a quick ratio of 0.18 and a current ratio of 0.77.

Mountain Province Diamonds (TSE:MPVD) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C($0.31) earnings per share (EPS) for the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. The business had revenue of C$39.98 million for the quarter. Research analysts forecast that Mountain Province Diamonds Inc. will post 0.12 earnings per share 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.