Mountain Province Diamonds (TSE:MPVD) Shares Down 8.3% – Here’s Why

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) traded down 8.3% on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 131,424 shares were traded during trading, a decline of 9% from the average session volume of 144,527 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Stock Down 8.3%

The firm has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of 90.05, a current ratio of 4.04 and a quick ratio of 0.18. The stock has a market capitalization of C$11.68 million, a P/E ratio of 0.23 and a beta of 0.47.

Mountain Province Diamonds (TSE:MPVD) last announced its quarterly earnings results on Tuesday, November 11th. The company reported C($0.26) earnings per share (EPS) for the quarter. The business had revenue of C$29.16 million during the quarter. Mountain Province Diamonds had a negative net margin of 31.04% and a negative return on equity of 23.22%. On average, equities research analysts expect that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current fiscal 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.