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

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 192,290 shares, an increase of 28.2% from the December 31st total of 150,050 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 91,233 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 91,233 shares, the short-interest ratio is currently 2.1 days. Currently, 0.1% of the shares of the company are sold short.

Mountain Province Diamonds Price Performance

MPVDF opened at $0.05 on Monday. Mountain Province Diamonds has a twelve month low of $0.02 and a twelve month high of $0.07. The company’s 50-day moving average price is $0.04 and its two-hundred day moving average price is $0.04. The stock has a market cap of $10.32 million, a price-to-earnings ratio of -0.07 and a beta of 1.19. The company has a quick ratio of 0.04, a current ratio of 0.87 and a debt-to-equity ratio of 2.23.

Mountain Province Diamonds (OTCMKTS:MPVDF) last posted its quarterly earnings results on Tuesday, November 11th. The company reported ($0.16) earnings per share (EPS) for the quarter. Mountain Province Diamonds had a negative net margin of 117.85% and a negative return on equity of 72.81%. The business had revenue of $21.18 million during the quarter.

Mountain Province Diamonds Company Profile

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.