Mountain Province Diamonds (TSE:MPVD) Stock Price Up 16.7% – Here’s What Happened

Mountain Province Diamonds Inc. (TSE:MPVD) shares rose 16.7% during mid-day trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 118,119 shares were traded during mid-day trading, a decline of 44% from the average session volume of 209,155 shares. The stock had previously closed at C$0.01.

Mountain Province Diamonds Trading Up 16.7%

The stock has a market cap of C$3.72 million, a PE ratio of -0.01 and a beta of 1.81. The business’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.05. The company has a quick ratio of 0.18, a current ratio of 0.77 and a debt-to-equity ratio of -777.82.

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

About Mountain Province Diamonds

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.