Mountain Province Diamonds (OTCMKTS:MPVDF) Posts Earnings Results

Mountain Province Diamonds (OTCMKTS:MPVDF) announced its earnings results on Tuesday. The company reported ($0.23) earnings per share for the quarter, Zacks reports. Mountain Province Diamonds had a negative return on equity of 72.81% and a negative net margin of 117.85%.

Mountain Province Diamonds Stock Performance

Shares of MPVDF stock remained flat at $0.03 on Tuesday. 10,000 shares of the company traded hands, compared to its average volume of 10,590. Mountain Province Diamonds has a fifty-two week low of $0.02 and a fifty-two week high of $0.07. The company has a market cap of $7.03 million, a P/E ratio of -0.05 and a beta of 1.19. The business has a fifty day simple moving average of $0.04 and a 200 day simple moving average of $0.04. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.87 and a quick ratio of 0.04.

About Mountain Province Diamonds

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.