Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Sees Significant Increase in Short Interest

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,118 shares, a growth of 80.9% from the June 30th total of 618 shares. Based on an average daily volume of 42,794 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Mountain Province Diamonds Stock Down 92.5%

Shares of MPVDF traded down $0.00 during midday trading on Thursday, hitting $0.00. 3,000 shares of the company’s stock traded hands, compared to its average volume of 51,868. Mountain Province Diamonds has a 1 year low of $0.00 and a 1 year high of $0.07. The firm’s fifty day moving average is $0.02 and its 200-day moving average is $0.04. The company has a current ratio of 0.77, a quick ratio of 0.02 and a debt-to-equity ratio of 78.50. The stock has a market capitalization of $64,464.00, a price-to-earnings ratio of -0.00 and a beta of 1.14.

Mountain Province Diamonds (OTCMKTS:MPVDF) last announced its earnings results on Tuesday, May 12th. The company reported ($0.23) earnings per share for the quarter. Mountain Province Diamonds had a negative return on equity of 404.80% and a negative net margin of 203.32%.The business had revenue of $29.15 million for the quarter.

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.