Short Interest in Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Drops By 16.6%

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 10,018 shares, a decline of 16.6% from the March 31st total of 12,018 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 69,123 shares, the days-to-cover ratio is presently 0.1 days.

Mountain Province Diamonds Price Performance

Shares of OTCMKTS MPVDF opened at $0.04 on Friday. The firm has a market cap of $7.76 million, a PE ratio of -0.06 and a beta of 1.19. The firm has a fifty day moving average of $0.04 and a 200 day moving average of $0.04. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.04 and a current ratio of 0.87. Mountain Province Diamonds has a one year low of $0.02 and a one year high of $0.07.

About Mountain Province Diamonds

Mountain Province Diamonds Inc is a Canadian-based diamond producer primarily engaged in the development, operation and marketing of rough diamonds. The company holds a 49% interest in the Gahcho Kué Diamond Mine, one of the world’s largest new diamond deposits, located in the Northwest Territories of Canada. Through its joint venture with De Beers Canada, Mountain Province Diamonds contributes to the extraction and sale of high‐quality gem and near‐gem diamonds suited for global jewelry markets.

The Gahcho Kué mine commenced commercial production in the mid-2010s and draws ore from multiple kimberlite pipes near Kennady Lake.