Mountain Province Diamonds (TSE:MPVD) Hits New 1-Year Low – Should You Sell?

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.04, with a volume of 199071 shares. The stock had previously closed at C$0.03.

Mountain Province Diamonds Price Performance

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 has a market capitalization of C$7.44 million, a PE ratio of -0.02 and a beta of 1.72. The firm’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.06.

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. The firm had revenue of C$39.98 million during the quarter. Mountain Province Diamonds had a negative return on equity of 397.12% and a negative net margin of 204.48%. On average, research 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.