Mountain Province Diamonds (TSE:MPVD) Hits New 52-Week Low – Time to Sell?

Mountain Province Diamonds Inc. (TSE:MPVD)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 22693 shares trading hands. The stock had previously closed at C$0.02.

Mountain Province Diamonds Trading Down 25.0%

The firm has a market capitalization of C$3.19 million, a price-to-earnings ratio of -0.01 and a beta of 1.81. The company has a debt-to-equity ratio of -777.82, a quick ratio of 0.18 and a current ratio of 0.77. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.05.

Mountain Province Diamonds (TSE:MPVD) last issued its earnings results on Tuesday, May 12th. The company reported C($0.31) earnings per share for the quarter. The business had revenue of C$39.98 million for the quarter. Mountain Province Diamonds had a negative return on equity of 397.12% and a negative net margin of 204.48%. As a group, research analysts forecast that Mountain Province Diamonds Inc. will post 0.12 EPS for the current fiscal year.

Mountain Province Diamonds Company Profile

Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada’s Northwest Territories. The GK Mine joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.