Mountain Province Diamonds (TSE:MPVD) Hits New 12-Month Low – What’s Next?

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.08 and last traded at C$0.09, with a volume of 303010 shares. The stock had previously closed at C$0.09.

Mountain Province Diamonds Trading Down 22.2 %

The company has a current ratio of 4.04, a quick ratio of 0.18 and a debt-to-equity ratio of 90.05. The stock has a 50-day simple moving average of C$0.11 and a 200 day simple moving average of C$0.13. The company has a market cap of C$14.85 million, a price-to-earnings ratio of 0.29 and a beta of 2.06.

About Mountain Province Diamonds

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Mountain Province Diamonds Inc focuses on the mining and marketing of rough diamonds worldwide. The company holds a 49% interest in the Gahcho Kué mine comprising mining leases covering an area of 5,216 hectares; and 100% of the mineral rights of the Kennady North consisting of 22 federal leases and 97 claims covering an area of 113,000 hectares located in the Northwest Territories, Canada.

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