Mountain Province Diamonds (OTCMKTS:MPVDF) Releases Earnings Results

Mountain Province Diamonds (OTCMKTS:MPVDF) issued its earnings results on Tuesday. The company reported ($0.23) EPS for the quarter, Zacks reports. Mountain Province Diamonds had a negative return on equity of 72.81% and a negative net margin of 117.85%.

Mountain Province Diamonds Stock Performance

Shares of MPVDF remained flat at $0.03 during trading hours on Tuesday. The company had a trading volume of 10,000 shares, compared to its average volume of 10,590. 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 52-week low of $0.02 and a 52-week high of $0.07. The firm has a market capitalization of $7.03 million, a P/E ratio of -0.05 and a beta of 1.19. The stock has a 50-day moving average price of $0.04 and a 200-day moving average price of $0.04.

Mountain Province Diamonds Company Profile

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.