Mountain Province Diamonds (TSE:MPVD) Trading Up 42.9% – Still a Buy?

Shares of Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) were up 42.9% during trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 226,829 shares changed hands during mid-day trading, an increase of 210% from the average daily volume of 73,287 shares. The stock had previously closed at C$0.07.

Mountain Province Diamonds Stock Down 11.8 %

The company has a market cap of C$15.91 million, a P/E ratio of 0.31 and a beta of 2.06. The company has a debt-to-equity ratio of 90.05, a quick ratio of 0.18 and a current ratio of 4.04. The business’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.13.

Mountain Province Diamonds Company Profile

(Get Free Report)

Mountain Province Diamonds Inc focuses on the mining and marketing of rough diamonds worldwide. The company holds a 49% interest in the Gahcho Kué mine comprising mining leases covering an area of 5,216 hectares; and 100% of the mineral rights of the Kennady North consisting of 22 federal leases and 97 claims covering an area of 113,000 hectares located in the Northwest Territories, Canada.

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