Mountain Province Diamonds (TSE:MPVD) Shares Down 14.3% – Here’s What Happened

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) were down 14.3% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 394,556 shares traded hands during mid-day trading, an increase of 97% from the average daily volume of 200,012 shares. The stock had previously closed at C$0.04.

Mountain Province Diamonds Trading Down 14.3%

The company has a current ratio of 0.77, a quick ratio of 0.18 and a debt-to-equity ratio of -777.82. The company has a market capitalization of C$6.38 million, a price-to-earnings ratio of -0.02 and a beta of 1.72. The company has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.06.

Mountain Province Diamonds (TSE:MPVD) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.31) earnings per share for the quarter. The firm had revenue of C$39.98 million during the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. As a group, equities research analysts anticipate 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.