Mountain Province Diamonds (OTCMKTS:MPVDF) Releases Earnings Results

Mountain Province Diamonds (OTCMKTS:MPVDF) announced its quarterly earnings data on Tuesday. The company reported ($0.23) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $29.15 million for the quarter. Mountain Province Diamonds had a negative return on equity of 72.81% and a negative net margin of 117.85%.

Mountain Province Diamonds Price Performance

Shares of MPVDF remained flat at $0.03 during mid-day trading on Thursday. 24,900 shares of the stock traded hands, compared to its average volume of 8,890. 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 52 week low of $0.02 and a 52 week high of $0.07. The firm’s fifty day simple moving average is $0.04 and its two-hundred day simple moving average is $0.04. The firm has a market capitalization of $7.37 million, a PE ratio of -0.05 and a beta of 1.19.

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.