Mountain Province Diamonds (TSE:MPVD) Trading Down 13.3% – What’s Next?

Mountain Province Diamonds Inc. (TSE:MPVD) dropped 13.3% during mid-day trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 259,550 shares were traded during trading, an increase of 184% from the average daily volume of 91,445 shares. The stock had previously closed at C$0.08.

Mountain Province Diamonds Trading Down 16.7 %

The company has a current ratio of 4.04, a quick ratio of 0.18 and a debt-to-equity ratio of 90.05. The stock has a market cap of C$10.61 million, a price-to-earnings ratio of 0.21 and a beta of 2.06. The company has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of C$0.13.

Mountain Province Diamonds Company Profile

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.