Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Sees Significant Growth in Short Interest

Mountain Province Diamonds Inc. (OTCMKTS:MPVDFGet Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,118 shares, an increase of 80.9% from the June 30th total of 618 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 42,794 shares, the days-to-cover ratio is presently 0.0 days.

Mountain Province Diamonds Stock Performance

Shares of MPVDF stock traded down $0.00 during mid-day trading on Thursday, reaching $0.00. The stock had a trading volume of 3,000 shares, compared to its average volume of 51,868. Mountain Province Diamonds has a 1-year low of $0.00 and a 1-year high of $0.07. The firm has a market cap of $64,464.00, a price-to-earnings ratio of -0.00 and a beta of 1.14. The company has a current ratio of 0.77, a quick ratio of 0.02 and a debt-to-equity ratio of 78.50. The business’s fifty day moving average is $0.02 and its 200-day moving average is $0.04.

Mountain Province Diamonds (OTCMKTS:MPVDFGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.23) EPS for the quarter. Mountain Province Diamonds had a negative return on equity of 404.80% and a negative net margin of 203.32%.The firm had revenue of $29.15 million for the quarter.

About Mountain Province Diamonds

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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.

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