Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Short Interest Up 28.2% in January

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 192,290 shares, a growth of 28.2% from the December 31st total of 150,050 shares. Based on an average trading volume of 91,233 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 91,233 shares, the days-to-cover ratio is currently 2.1 days.

Mountain Province Diamonds Trading Up 2.9%

OTCMKTS:MPVDF opened at $0.05 on Tuesday. The firm has a market cap of $10.62 million, a P/E ratio of -0.08 and a beta of 1.17. The company has a current ratio of 0.87, a quick ratio of 0.04 and a debt-to-equity ratio of 2.23. The stock’s 50 day simple moving average is $0.04 and its 200-day simple moving average is $0.04. Mountain Province Diamonds has a 12-month low of $0.02 and a 12-month high of $0.07.

Mountain Province Diamonds (OTCMKTS:MPVDF) last issued its quarterly earnings results on Tuesday, November 11th. The company reported ($0.16) earnings per share for the quarter. Mountain Province Diamonds had a negative return on equity of 72.81% and a negative net margin of 117.85%.The company had revenue of $21.18 million for the quarter.

Mountain Province Diamonds Company Profile

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.