Mountain Province Diamonds (TSE:MPVD) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.06 and traded as low as C$0.05. Mountain Province Diamonds shares last traded at C$0.05, with a volume of 70,000 shares traded.

Mountain Province Diamonds Stock Down 10.0%

The business has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 10,033.85, a quick ratio of 0.18 and a current ratio of 0.69. The company has a market capitalization of C$9.57 million, a price-to-earnings ratio of -0.03 and a beta of 1.42.

Mountain Province Diamonds (TSE:MPVD) last posted its quarterly earnings data on Wednesday, April 1st. The company reported C($0.72) earnings per share for the quarter. Mountain Province Diamonds had a negative return on equity of 179.77% and a negative net margin of 179.50%.The company had revenue of C$45.74 million for the quarter. As a group, equities analysts predict 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.