Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Short Interest Down 45.9% in December

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 167,572 shares, a decline of 45.9% from the November 30th total of 309,759 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 127,447 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 127,447 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the company’s stock are short sold.

Mountain Province Diamonds Price Performance

MPVDF opened at $0.04 on Friday. The company has a market capitalization of $7.89 million, a price-to-earnings ratio of -0.06 and a beta of 1.22. The company has a current ratio of 0.87, a quick ratio of 0.04 and a debt-to-equity ratio of 2.23. Mountain Province Diamonds has a 12-month low of $0.02 and a 12-month high of $0.08. The business’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.04.

Mountain Province Diamonds (OTCMKTS:MPVDF) last released its quarterly earnings data on Tuesday, November 11th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $21.18 million during the quarter. Mountain Province Diamonds had a negative return on equity of 72.81% and a negative net margin of 117.85%.

About Mountain Province Diamonds

Mountain Province Diamonds Inc is a Canadian-based diamond producer primarily engaged in the development, operation and marketing of rough diamonds. The company holds a 49% interest in the Gahcho Kué Diamond Mine, one of the world’s largest new diamond deposits, located in the Northwest Territories of Canada. Through its joint venture with De Beers Canada, Mountain Province Diamonds contributes to the extraction and sale of high‐quality gem and near‐gem diamonds suited for global jewelry markets.

The Gahcho Kué mine commenced commercial production in the mid-2010s and draws ore from multiple kimberlite pipes near Kennady Lake.