Mountain Province Diamonds (TSE:MPVD) Shares Down 9.1% – Should You Sell?

Mountain Province Diamonds Inc. (TSE:MPVD)’s stock price was down 9.1% during mid-day trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 190,623 shares changed hands during trading, an increase of 15% from the average daily volume of 165,091 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Price Performance

The company has a 50 day moving average price of C$0.07 and a 200 day moving average price of C$0.06. The company has a market capitalization of C$10.62 million, a price-to-earnings ratio of 0.21 and a beta of 1.18. The company has a current ratio of 0.87, a quick ratio of 0.18 and a debt-to-equity ratio of 282.97.

Mountain Province Diamonds (TSE:MPVD) last released its earnings results on Wednesday, April 1st. The company reported C($0.72) earnings per share for the quarter. Mountain Province Diamonds had a negative return on equity of 84.66% and a negative net margin of 117.40%.The firm had revenue of C$45.74 million for the quarter. As a group, equities research analysts forecast that Mountain Province Diamonds Inc. will post 0.12 earnings per share 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.