Mountain Province Diamonds (TSE:MPVD) Trading Down 14.3% – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVD) traded down 14.3% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 394,556 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 200,012 shares. The stock had previously closed at C$0.04.

Mountain Province Diamonds Price Performance

The business has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.06. The company has a current ratio of 0.77, a quick ratio of 0.18 and a debt-to-equity ratio of -777.82. The company has a market cap of C$6.38 million, a PE ratio of -0.02 and a beta of 1.72.

Mountain Province Diamonds (TSE:MPVD) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share for the quarter. The business 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, equities research analysts predict that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current 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.