Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Sees Large Decline in Short Interest

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 65,249 shares, a decrease of 65.4% from the January 29th total of 188,828 shares. Based on an average daily volume of 79,666 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 79,666 shares, the short-interest ratio is currently 0.8 days.

Mountain Province Diamonds Trading Up 1.0%

Shares of MPVDF opened at $0.06 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.04 and a current ratio of 0.87. Mountain Province Diamonds has a 52-week low of $0.02 and a 52-week high of $0.07. The firm has a market cap of $12.76 million, a price-to-earnings ratio of -0.09 and a beta of 1.19. The business’s fifty day moving average is $0.05 and its 200-day moving average is $0.04.

About Mountain Province Diamonds

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.