Mountain Province Diamonds (TSE:MPVD) Trading Down 16.7% – Here’s What Happened

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) were down 16.7% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 287,441 shares were traded during trading, an increase of 119% from the average daily volume of 131,025 shares. The stock had previously closed at C$0.09.

Mountain Province Diamonds Trading Down 5.6%

The stock has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.05. The company has a market cap of C$18.05 million, a PE ratio of 0.35 and a beta of 0.47. The company has a debt-to-equity ratio of 90.05, a quick ratio of 0.18 and a current ratio of 4.04.

Mountain Province Diamonds (TSE:MPVD) last released its earnings results on Tuesday, November 11th. The company reported C($0.26) earnings per share for the quarter. The business had revenue of C$29.16 million for the quarter. Mountain Province Diamonds had a negative return on equity of 23.22% and a negative net margin of 31.04%. Sell-side analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 EPS for the current fiscal year.

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.