Mountain Province Diamonds (TSE:MPVD) Sets New 52-Week Low – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 313422 shares changing hands. The stock had previously closed at C$0.03.

Mountain Province Diamonds Price Performance

The stock has a market capitalization of C$6.38 million, a P/E ratio of -0.02 and a beta of 1.72. The business’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06. The company has a quick ratio of 0.18, a current ratio of 0.77 and a debt-to-equity ratio of -777.82.

Mountain Province Diamonds (TSE:MPVD) last released its quarterly earnings data on Tuesday, May 12th. The company reported C($0.31) earnings per share for the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. The business had revenue of C$39.98 million during the quarter. As a group, sell-side analysts forecast that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current fiscal 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.