Mountain Province Diamonds (TSE:MPVD) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.02 and traded as low as C$0.02. Mountain Province Diamonds shares last traded at C$0.02, with a volume of 0 shares traded.

Mountain Province Diamonds Stock Performance

The stock has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.04. The company has a debt-to-equity ratio of -777.82, a current ratio of 0.77 and a quick ratio of 0.18. The company has a market cap of C$4.25 million, a PE ratio of -0.01 and a beta of 1.81.

About Mountain Province Diamonds

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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.

Further Reading

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