Mountain Province Diamonds (TSE:MPVD) Shares Down 9.1% – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price traded down 9.1% during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. 190,623 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 165,091 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Stock Performance

The company has a market capitalization of C$10.62 million, a price-to-earnings ratio of 0.21 and a beta of 1.18. The company has a debt-to-equity ratio of 282.97, a current ratio of 0.87 and a quick ratio of 0.18. The stock has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.06.

Mountain Province Diamonds (TSE:MPVD) last issued its quarterly earnings results on Wednesday, April 1st. The company reported C($0.72) earnings per share (EPS) for the quarter. Mountain Province Diamonds had a negative return on equity of 84.66% and a negative net margin of 117.40%.The company had revenue of C$45.74 million for the quarter. On average, analysts predict 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.