Mountain Province Diamonds (TSE:MPVD) Shares Up 25% – What’s Next?

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price was up 25% during trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 315,080 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 203,363 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Price Performance

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 company’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05. The stock has a market capitalization of C$5.32 million, a PE ratio of -0.02 and a beta of 1.72.

Mountain Province Diamonds (TSE:MPVD) last announced its earnings results on Tuesday, May 12th. The company reported C($0.31) EPS for the quarter. The company had revenue of C$39.98 million for the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. As a group, sell-side analysts predict 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.