Mountain Province Diamonds (TSE:MPVD) Shares Up 25% – Time to Buy?

Mountain Province Diamonds Inc. (TSE:MPVD)’s stock price was up 25% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 315,080 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 203,363 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Stock Performance

The stock has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The company has a market cap of C$5.32 million, a price-to-earnings ratio of -0.02 and a beta of 1.72. The company has a quick ratio of 0.18, a current ratio of 0.77 and a debt-to-equity ratio of -777.82.

Mountain Province Diamonds (TSE:MPVD) last posted its earnings results 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 company had revenue of C$39.98 million during the quarter. As a group, 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.