Mountain Province Diamonds (TSE:MPVD) Stock Price Up 50% – Here’s What Happened

Mountain Province Diamonds Inc. (TSE:MPVD)’s stock price rose 50% during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.03. Approximately 2,118,626 shares were traded during trading, an increase of 955% from the average daily volume of 200,785 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Price Performance

The stock has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.06. The stock has a market capitalization of C$7.44 million, a P/E ratio of -0.02 and a beta of 1.72. The company has a debt-to-equity ratio of -777.82, a current ratio of 0.77 and a quick ratio of 0.18.

Mountain Province Diamonds (TSE:MPVD) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.31) earnings per share (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 company had revenue of C$39.98 million for the quarter. As a group, research analysts expect that Mountain Province Diamonds Inc. will post 0.12 EPS 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.