Mountain Province Diamonds (TSE:MPVD) Trading Up 12.5% – What’s Next?

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price traded up 12.5% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 522,720 shares changed hands during mid-day trading, an increase of 365% from the average session volume of 112,333 shares. The stock had previously closed at C$0.04.

Mountain Province Diamonds Trading Up 12.5%

The company has a market capitalization of C$9.56 million, a PE ratio of 0.19 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. The business has a fifty 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 posted its earnings results on Tuesday, November 11th. The company reported C($0.26) earnings per share (EPS) 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%. Analysts expect that Mountain Province Diamonds Inc. will post 0.12 EPS for the current fiscal year.

Mountain Province Diamonds Company Profile

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.