Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Short Interest Down 66.9% in June

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 2,921 shares, a drop of 66.9% from the May 31st total of 8,821 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 136,242 shares, the short-interest ratio is presently 0.0 days.

Mountain Province Diamonds Stock Down 28.9%

Shares of Mountain Province Diamonds stock traded down $0.01 on Monday, reaching $0.01. The company’s stock had a trading volume of 160 shares, compared to its average volume of 51,709. Mountain Province Diamonds has a 52 week low of $0.01 and a 52 week high of $0.07. The firm’s fifty day simple moving average is $0.03 and its two-hundred day simple moving average is $0.04. The company has a quick ratio of 0.02, a current ratio of 0.77 and a debt-to-equity ratio of 78.50. The company has a market capitalization of $2.97 million, a price-to-earnings ratio of -0.02 and a beta of 1.08.

Mountain Province Diamonds (OTCMKTS:MPVDF) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.23) earnings per share (EPS) for the quarter. Mountain Province Diamonds had a negative net margin of 203.32% and a negative return on equity of 404.80%. The business had revenue of $29.15 million for the quarter.

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.