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

Mountain Province Diamonds Inc. (TSE:MPVD) shares dropped 14.3% during trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 105,962 shares traded hands during trading, a decline of 49% from the average session volume of 208,355 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Trading Down 14.3%

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 capitalization of C$3.19 million, a P/E ratio of -0.01 and a beta of 1.81. The business has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.05.

Mountain Province Diamonds (TSE:MPVD) last posted its earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share for the quarter. Mountain Province Diamonds had a negative return on equity of 397.12% and a negative net margin of 204.48%.The firm had revenue of C$39.98 million during the quarter. Analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 EPS for the current year.

Mountain Province Diamonds Company Profile

Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada’s Northwest Territories. The GK Mine joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.