Mountain Province Diamonds (TSE:MPVD) Trading Down 20% – Should You Sell?

Mountain Province Diamonds Inc. (TSE:MPVD) shares dropped 20% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 999,773 shares were traded during mid-day trading, an increase of 466% from the average daily volume of 176,754 shares. The stock had previously closed at C$0.03.

Mountain Province Diamonds Trading Down 20.0%

The business has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The company has a debt-to-equity ratio of -777.82, a quick ratio of 0.18 and a current ratio of 0.77. The firm has a market cap of C$4.25 million, a price-to-earnings ratio of -0.01 and a beta of 1.72.

Mountain Province Diamonds (TSE:MPVD) last issued its earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share (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 firm had revenue of C$39.98 million during the quarter. As a group, equities analysts forecast that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current fiscal year.

About Mountain Province Diamonds

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.