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

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 39,018 shares, a decline of 40.2% from the February 12th total of 65,249 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 14,405 shares, the days-to-cover ratio is currently 2.7 days. Based on an average trading volume of 14,405 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.0% of the company’s shares are short sold.

Mountain Province Diamonds Trading Down 2.8%

Mountain Province Diamonds stock traded down $0.00 during trading hours on Friday, reaching $0.05. 2,000 shares of the company’s stock traded hands, compared to its average volume of 8,756. The firm’s 50 day moving average is $0.05 and its 200-day moving average is $0.04. Mountain Province Diamonds has a fifty-two week low of $0.02 and a fifty-two week high of $0.07. The firm has a market capitalization of $10.95 million, a price-to-earnings ratio of -0.08 and a beta of 1.10. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.04 and a current ratio of 0.87.

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.