Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Short Interest Update

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 39,018 shares, a decline of 40.2% from the February 12th total of 65,249 shares. Based on an average trading volume of 14,405 shares, the short-interest ratio is currently 2.7 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 14,405 shares, the short-interest ratio is currently 2.7 days.

Mountain Province Diamonds Trading Down 2.8%

OTCMKTS MPVDF opened at $0.05 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.04 and a debt-to-equity ratio of 2.23. Mountain Province Diamonds has a 1-year low of $0.02 and a 1-year high of $0.07. The firm’s fifty day simple moving average is $0.05 and its 200-day simple moving average is $0.04. The company has a market capitalization of $10.95 million, a PE ratio of -0.08 and a beta of 1.10.

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.