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

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.07 and traded as low as C$0.07. Mountain Province Diamonds shares last traded at C$0.07, with a volume of 5,264 shares trading hands.

Mountain Province Diamonds Trading Down 7.7%

The company has a current ratio of 0.87, a quick ratio of 0.18 and a debt-to-equity ratio of 282.97. The business has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.06. The company has a market cap of C$12.74 million, a P/E ratio of 0.25 and a beta of 1.18.

About Mountain Province Diamonds

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.