Mountain Province Diamonds (TSE:MPVD) Stock Price Down 8.3% – Here’s What Happened

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) traded down 8.3% during mid-day trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. 131,424 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 144,527 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Stock Down 8.3%

The company has a market cap of C$11.68 million, a price-to-earnings ratio of 0.23 and a beta of 0.47. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The company has a quick ratio of 0.18, a current ratio of 4.04 and a debt-to-equity ratio of 90.05.

Mountain Province Diamonds (TSE:MPVD) last issued its quarterly earnings data on Tuesday, November 11th. The company reported C($0.26) earnings per share for the quarter. Mountain Province Diamonds had a negative net margin of 31.04% and a negative return on equity of 23.22%. The company had revenue of C$29.16 million during the quarter. As a group, equities 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.