Mountain Province Diamonds (TSE:MPVD) Trading Down 9.4% – Should You Sell?

by · The Cerbat Gem

Mountain Province Diamonds Inc. (TSE:MPVD – Get Free Report)’s stock price traded down 9.4% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.15. 221,600 shares traded hands during trading, an increase of 100% from the average session volume of 110,803 shares. The stock had previously closed at C$0.16.

Mountain Province Diamonds Stock Performance

The stock has a market capitalization of C$31.82 million, a price-to-earnings ratio of 0.63 and a beta of 2.06. 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 firm’s 50 day moving average is C$0.14 and its 200-day moving average is C$0.17.

About Mountain Province Diamonds

(Get Free Report)

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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