Mountain Province Diamonds Inc. (OTCMKTS:MPVDF – Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 167,572 shares, a decrease of 45.9% from the November 30th total of 309,759 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 127,447 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 127,447 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the shares of the company are sold short.
Mountain Province Diamonds Trading Down 3.9%
Mountain Province Diamonds stock opened at $0.04 on Monday. The stock has a 50-day moving average price of $0.03 and a 200 day moving average price of $0.03. The company has a market capitalization of $7.89 million, a price-to-earnings ratio of -0.06 and a beta of 1.20. Mountain Province Diamonds has a 52 week low of $0.02 and a 52 week high of $0.08. The company has a quick ratio of 0.04, a current ratio of 0.87 and a debt-to-equity ratio of 2.23.
Mountain Province Diamonds (OTCMKTS:MPVDF – Get Free Report) last posted its earnings results on Tuesday, November 11th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $21.18 million for the quarter. Mountain Province Diamonds had a negative net margin of 117.85% and a negative return on equity of 72.81%.
About Mountain Province Diamonds
Mountain Province Diamonds Inc is a Canadian-based diamond producer primarily engaged in the development, operation and marketing of rough diamonds. The company holds a 49% interest in the Gahcho Kué Diamond Mine, one of the world’s largest new diamond deposits, located in the Northwest Territories of Canada. Through its joint venture with De Beers Canada, Mountain Province Diamonds contributes to the extraction and sale of high‐quality gem and near‐gem diamonds suited for global jewelry markets.
The Gahcho Kué mine commenced commercial production in the mid-2010s and draws ore from multiple kimberlite pipes near Kennady Lake.
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