Mountain Province Diamonds Inc. (OTCMKTS:MPVDF – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 618 shares, a drop of 78.8% from the June 15th total of 2,921 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 89,490 shares, the days-to-cover ratio is currently 0.0 days.
Mountain Province Diamonds Stock Performance
Shares of OTCMKTS:MPVDF remained flat at $0.01 during mid-day trading on Monday. 63,900 shares of the stock were exchanged, compared to its average volume of 34,664. The firm has a market cap of $2.54 million, a price-to-earnings ratio of -0.02 and a beta of 1.14. The company has a quick ratio of 0.02, a current ratio of 0.77 and a debt-to-equity ratio of 78.50. Mountain Province Diamonds has a 52 week low of $0.01 and a 52 week high of $0.07. The firm’s fifty day simple moving average is $0.02 and its two-hundred day simple moving average is $0.04.
Mountain Province Diamonds (OTCMKTS:MPVDF – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.23) earnings per share for the quarter. Mountain Province Diamonds had a negative net margin of 203.32% and a negative return on equity of 404.80%. The company had revenue of $29.15 million during the quarter.
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.
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