Mountain Province Diamonds (OTCMKTS:MPVDF) Posts Quarterly Earnings Results

Mountain Province Diamonds (OTCMKTS:MPVDF) posted its quarterly earnings results on Tuesday. The company reported ($0.23) earnings per share for the quarter, Zacks reports. Mountain Province Diamonds had a negative net margin of 117.85% and a negative return on equity of 72.81%.

Mountain Province Diamonds Price Performance

Shares of MPVDF opened at $0.03 on Wednesday. Mountain Province Diamonds has a twelve month low of $0.02 and a twelve month high of $0.07. The firm’s fifty day simple moving average is $0.04 and its 200-day simple moving average is $0.04. The firm has a market capitalization of $7.03 million, a price-to-earnings ratio of -0.05 and a beta of 1.19. The company has a current ratio of 0.87, a quick ratio of 0.04 and a debt-to-equity ratio of 2.23.

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.