Mountain Province Diamonds (TSE:MPVD) Shares Up 50% – Still a Buy?

Mountain Province Diamonds Inc. (TSE:MPVD) was up 50% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.03. Approximately 2,118,626 shares were traded during trading, an increase of 955% from the average daily volume of 200,785 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Stock Performance

The business 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 debt-to-equity ratio of -777.82, a current ratio of 0.77 and a quick ratio of 0.18. The firm has a market cap of C$6.38 million, a PE ratio of -0.02 and a beta of 1.72.

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