Short Interest in Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Decreases By 78.8%

Mountain Province Diamonds Inc. (OTCMKTS:MPVDFGet Free Report) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 618 shares, a drop of 78.8% from the June 15th total of 2,921 shares. Based on an average daily trading volume, of 89,490 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Mountain Province Diamonds Stock Up 11.3%

Mountain Province Diamonds stock traded up $0.00 during mid-day trading on Friday, hitting $0.01. The company had a trading volume of 63,900 shares, compared to its average volume of 34,664. 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’s 50 day moving average price is $0.02 and its two-hundred day moving average price is $0.04. Mountain Province Diamonds has a 12 month low of $0.01 and a 12 month high of $0.07. The company has a market capitalization of $2.54 million, a PE ratio of -0.02 and a beta of 1.14.

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

Mountain Province Diamonds Company Profile

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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.

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