Mountain Province Diamonds (TSE:MPVD) Trading Down 14.3% – Should You Sell?

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) fell 14.3% on Monday . The stock traded as low as C$0.06 and last traded at C$0.06. 198,046 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 246,514 shares. The stock had previously closed at C$0.07.

Mountain Province Diamonds Trading Down 14.3%

The company has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a current ratio of 4.04, a quick ratio of 0.18 and a debt-to-equity ratio of 90.05. The firm has a market cap of C$12.74 million, a price-to-earnings ratio of 0.25 and a beta of 1.24.

Mountain Province Diamonds (TSE:MPVD) last posted 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 return on equity of 23.22% and a negative net margin of 31.04%.The firm had revenue of C$29.16 million for the quarter. As a group, research analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 EPS for the current 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.