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

Mountain Province Diamonds Inc. (TSE:MPVD) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 22693 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Trading Down 25.0%

The company has a market capitalization of C$3.19 million, a price-to-earnings ratio of -0.01 and a beta of 1.81. The company has a current ratio of 0.77, a quick ratio of 0.18 and a debt-to-equity ratio of -777.82. The business’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.05.

Mountain Province Diamonds (TSE:MPVD) last released its quarterly earnings data on Tuesday, May 12th. The company reported C($0.31) earnings per share (EPS) for the quarter. Mountain Province Diamonds had a negative return on equity of 397.12% and a negative net margin of 204.48%.The company had revenue of C$39.98 million for the quarter. On average, equities analysts predict that Mountain Province Diamonds Inc. will post 0.12 earnings per share for the current fiscal year.

About Mountain Province Diamonds

Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada’s Northwest Territories. The GK Mine joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.