Mountain Province Diamonds (TSE:MPVD) Hits New 52-Week Low – Here’s Why

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 38228 shares trading hands. The stock had previously closed at C$0.11.

Mountain Province Diamonds Stock Down 9.1 %

The firm has a market capitalization of C$21.21 million, a price-to-earnings ratio of 0.42 and a beta of 2.06. The business has a 50 day moving average of C$0.12 and a 200 day moving average of C$0.14. The company has a debt-to-equity ratio of 90.05, a current ratio of 4.04 and a quick ratio of 0.18.

Mountain Province Diamonds Company Profile

(Get Free Report)

Mountain Province Diamonds Inc focuses on the mining and marketing of rough diamonds worldwide. The company holds a 49% interest in the Gahcho Kué mine comprising mining leases covering an area of 5,216 hectares; and 100% of the mineral rights of the Kennady North consisting of 22 federal leases and 97 claims covering an area of 113,000 hectares located in the Northwest Territories, Canada.

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