Mountain Province Diamonds (TSE:MPVD) Trading Down 18.2% – What’s Next?

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) were down 18.2% on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 707,811 shares were traded during mid-day trading, an increase of 404% from the average daily volume of 140,508 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Trading Down 27.3%

The firm has a market capitalization of C$8.50 million, a P/E ratio of -0.03 and a beta of 1.43. The company has a quick ratio of 0.18, a current ratio of 0.77 and a debt-to-equity ratio of -777.82. The firm’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.06.

Mountain Province Diamonds (TSE:MPVD) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($0.31) EPS for the quarter. Mountain Province Diamonds had a negative return on equity of 397.12% and a negative net margin of 204.48%.The company had revenue of C$39.98 million during the quarter. Analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 EPS 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.