Mountain Province Diamonds (TSE:MPVD) Stock Passes Above 50-Day Moving Average – Time to Sell?

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.02 and traded as high as C$0.02. Mountain Province Diamonds shares last traded at C$0.02, with a volume of 0 shares changing hands.

Mountain Province Diamonds Stock Performance

The stock has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.04. The company has a quick ratio of 0.18, a current ratio of 0.77 and a debt-to-equity ratio of -777.82. The firm has a market capitalization of C$4.25 million, a P/E ratio of -0.01 and a beta of 1.81.

About Mountain Province Diamonds

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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.

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