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

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price shot up 12.5% during trading on Friday . The company traded as high as C$0.05 and last traded at C$0.05. 457,802 shares traded hands during trading, an increase of 242% from the average session volume of 133,994 shares. The stock had previously closed at C$0.04.

Mountain Province Diamonds Stock Performance

The stock has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.06. The company has a current ratio of 0.77, a quick ratio of 0.18 and a debt-to-equity ratio of -777.82. The stock has a market cap of C$11.69 million, a P/E ratio of -0.04 and a beta of 1.43.

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 during the quarter. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. On average, equities analysts expect that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current 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.