Mountain Province Diamonds (TSE:MPVD) Sets New 52-Week Low – Time to Sell?

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02, with a volume of 52575 shares trading hands. The stock had previously closed at C$0.01.

Mountain Province Diamonds Stock Performance

The business has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.05. The company has a debt-to-equity ratio of -777.82, a current ratio of 0.77 and a quick ratio of 0.18. The company has a market cap of C$4.25 million, a PE ratio of -0.01 and a beta of 1.81.

Mountain Province Diamonds (TSE:MPVD) last announced its earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share (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%. Research analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current year.

Mountain Province Diamonds Company Profile

Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada’s Northwest Territories. The GK Mine joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.