Mountain Province Diamonds (TSE:MPVD) Hits New 1-Year Low – Here’s What Happened

Mountain Province Diamonds Inc. (TSE:MPVD) hit a new 52-week low on Monday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 22693 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Stock Performance

The firm has a market capitalization of C$3.19 million, a price-to-earnings ratio of -0.01 and a beta of 1.81. 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 moving average price of C$0.04 and a 200 day moving average price of C$0.05.

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. Mountain Province Diamonds had a negative net margin of 204.48% and a negative return on equity of 397.12%. The firm had revenue of C$39.98 million during the quarter. On average, analysts forecast that Mountain Province Diamonds Inc. will post 0.12 EPS for the current year.

Mountain Province Diamonds Company Profile

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.