Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Sees Large Decline in Short Interest

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 65,249 shares, a drop of 65.4% from the January 29th total of 188,828 shares. Based on an average daily trading volume, of 79,666 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 79,666 shares, the short-interest ratio is currently 0.8 days.

Mountain Province Diamonds Trading Up 1.0%

OTCMKTS:MPVDF traded up $0.00 on Thursday, hitting $0.06. 1,500 shares of the stock were exchanged, compared to its average volume of 26,307. Mountain Province Diamonds has a fifty-two week low of $0.02 and a fifty-two week high of $0.07. The stock has a fifty day moving average of $0.05 and a 200-day moving average of $0.04. The company has a current ratio of 0.87, a quick ratio of 0.04 and a debt-to-equity ratio of 2.23. The stock has a market cap of $12.76 million, a PE ratio of -0.09 and a beta of 1.19.

Mountain Province Diamonds Company Profile

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.