Mountain Province Diamonds (TSE:MPVD) Stock Price Down 14.3% – Time to Sell?

Mountain Province Diamonds Inc. (TSE:MPVD)’s share price was down 14.3% during mid-day trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 105,962 shares were traded during trading, a decline of 49% from the average session volume of 208,355 shares. The stock had previously closed at C$0.02.

Mountain Province Diamonds Price Performance

The company has a debt-to-equity ratio of -777.82, a quick ratio of 0.18 and a current ratio of 0.77. The stock has a 50 day moving average of C$0.03 and a 200-day moving average of C$0.05. The company has a market cap of C$3.19 million, a PE ratio of -0.01 and a beta of 1.81.

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

Mountain Province Diamonds Company Profile

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.