Mountain Province Diamonds (TSE:MPVD) Stock Passes Above 50 Day Moving Average – Should You Sell?

Mountain Province Diamonds Inc. (TSE:MPVD)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.02 and traded as high as C$0.02. Mountain Province Diamonds shares last traded at C$0.02, with a volume of 0 shares trading hands.

Mountain Province Diamonds Stock Up 33.3%

The stock has a market capitalization of C$4.25 million, a price-to-earnings ratio of -0.01 and a beta of 1.81. The firm has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.05. The company has a current ratio of 0.77, a quick ratio of 0.18 and a debt-to-equity ratio of -777.82.

Mountain Province Diamonds (TSE:MPVD) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C($0.31) earnings per share (EPS) for the quarter. The firm 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%. On average, sell-side analysts anticipate that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current year.

About Mountain Province Diamonds

Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada’s Northwest Territories. The GK Mine joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.