Mountain Province Diamonds (OTCMKTS:MPVDF) Price Target Raised to C$0.10

Mountain Province Diamonds (OTCMKTS:MPVDF) had its target price lifted by investment analysts at Scotiabank from C$0.05 to C$0.10 in a research report issued on Friday, The Fly reports. The brokerage currently has an “underperform” rating on the stock.

MPVDF stock traded up $0.05 on Friday, reaching $0.44. The company’s stock had a trading volume of 56,729 shares, compared to its average volume of 25,705. The company has a current ratio of 1.57, a quick ratio of 0.20 and a debt-to-equity ratio of 4.57. The company has a fifty day moving average price of $0.42. The stock has a market capitalization of $92.43 million, a price-to-earnings ratio of -0.56 and a beta of 1.73. Mountain Province Diamonds has a 12-month low of $0.20 and a 12-month high of $0.64.

Mountain Province Diamonds (OTCMKTS:MPVDF) last posted its quarterly earnings data on Wednesday, May 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $42.82 million during the quarter. Mountain Province Diamonds had a negative return on equity of 14.33% and a negative net margin of 99.49%.

About Mountain Province Diamonds

Mountain Province Diamonds Inc, through its subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. Its primary asset is its 49% interest in the Gahcho Kué diamond mine comprising four mining leases covering an area of 10,353 hectares; and holds a 100% interest in the Kennady North project consisting of 22 federal leases and 97 claims covering an area of 106,202 hectares located in the Northwest Territories, Canada.

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