Mountain Province Diamonds (TSE:MPVD) Trading Up 8.3% – Here’s What Happened

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report)’s share price shot up 8.3% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 74,000 shares changed hands during trading, a decline of 46% from the average session volume of 137,390 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Price Performance

The company has a debt-to-equity ratio of 90.05, a quick ratio of 0.18 and a current ratio of 4.04. The company has a fifty day moving average price of C$0.07 and a two-hundred day moving average price of C$0.11. The company has a market cap of C$14.86 million, a P/E ratio of -0.17 and a beta of 2.06.

About Mountain Province Diamonds

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Mountain Province Diamonds Inc focuses on the mining and marketing of rough diamonds worldwide. The company holds a 49% interest in the Gahcho Kué mine comprising mining leases covering an area of 5,216 hectares; and 100% of the mineral rights of the Kennady North consisting of 22 federal leases and 97 claims covering an area of 113,000 hectares located in the Northwest Territories, Canada.

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