Mountain Province Diamonds (TSE:MPVD) Stock Price Up 16.7% – Here’s Why

Shares of Mountain Province Diamonds Inc. (TSE:MPVD) were up 16.7% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 182,424 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 199,302 shares. The stock had previously closed at C$0.03.

Mountain Province Diamonds Stock Performance

The company has a quick ratio of 0.18, a current ratio of 0.77 and a debt-to-equity ratio of -777.82. The stock has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.06. The stock has a market capitalization of C$7.44 million, a P/E ratio of -0.02 and a beta of 1.72.

Mountain Province Diamonds (TSE:MPVD) last issued its earnings results on Tuesday, May 12th. The company reported C($0.31) EPS for the quarter. Mountain Province Diamonds had a negative return on equity of 397.12% and a negative net margin of 204.48%.The business had revenue of C$39.98 million for the quarter. On average, equities analysts forecast that Mountain Province Diamonds Inc. will post 0.12 EPS for the current fiscal 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.