Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Sees Significant Decline in Short Interest

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 65,249 shares, a decline of 65.4% from the January 29th total of 188,828 shares. Based on an average daily volume of 79,666 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 79,666 shares, the days-to-cover ratio is presently 0.8 days.

Mountain Province Diamonds Price Performance

Shares of OTCMKTS:MPVDF traded up $0.00 during trading on Thursday, hitting $0.06. 1,500 shares of the stock were exchanged, compared to its average volume of 26,307. The company has a current ratio of 0.87, a quick ratio of 0.04 and a debt-to-equity ratio of 2.23. The company has a market cap of $12.76 million, a PE ratio of -0.09 and a beta of 1.19. Mountain Province Diamonds has a 12-month low of $0.02 and a 12-month high of $0.07. The company has a fifty day moving average price of $0.05 and a two-hundred day moving average price of $0.04.

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.