Mountain Province Diamonds (TSE:MPVD) Sets New 52-Week Low – What’s Next?

Mountain Province Diamonds Inc. (TSE:MPVD) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 249240 shares. The stock had previously closed at C$0.05.

Mountain Province Diamonds Price Performance

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 firm has a market capitalization of C$8.50 million, a P/E ratio of -0.03 and a beta of 1.43. The company has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.06.

Mountain Province Diamonds (TSE:MPVD) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share for the quarter. The firm 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%. On average, sell-side 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.