Mountain Province Diamonds (TSE:MPVD) Trading Up 16.7% – Time to Buy?

Mountain Province Diamonds Inc. (TSE:MPVD) shares were up 16.7% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. 118,119 shares were traded during trading, a decline of 44% from the average daily volume of 209,155 shares. The stock had previously closed at C$0.01.

Mountain Province Diamonds Stock Performance

The firm has a market capitalization of C$3.19 million, a price-to-earnings ratio of -0.01 and a beta of 1.81. The company has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.05. 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 posted its earnings results on Tuesday, May 12th. The company reported C($0.31) EPS 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, equities research analysts forecast that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current year.

About Mountain Province Diamonds

Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada’s Northwest Territories. The GK Mine joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.