Mountain Province Diamonds (TSE:MPVD) Stock Price Up 8.3% – Time to Buy?

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) shares shot up 8.3% during mid-day trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 74,000 shares were traded during mid-day trading, a decline of 46% from the average session volume of 137,390 shares. The stock had previously closed at C$0.06.

Mountain Province Diamonds Trading Down 7.1 %

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 firm has a market capitalization of C$13.80 million, a P/E ratio of -0.15 and a beta of 2.06. The business has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.11.

Mountain Province Diamonds Company Profile

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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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