Mountain Province Diamonds (TSE:MPVD) Sets New 12-Month Low – Should You Sell?

Mountain Province Diamonds Inc. (TSE:MPVD) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 249240 shares changing hands. The stock had previously closed at C$0.05.

Mountain Province Diamonds Trading Down 11.1%

The company has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The company has a debt-to-equity ratio of -777.82, a quick ratio of 0.18 and a current ratio of 0.77. The stock has a market cap of C$8.50 million, a P/E ratio of -0.03 and a beta of 1.43.

Mountain Province Diamonds (TSE:MPVD) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($0.31) earnings per share (EPS) for the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. The business had revenue of C$39.98 million during the quarter. On average, sell-side analysts forecast that Mountain Province Diamonds Inc. will post 0.12 EPS 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.