Mountain Province Diamonds (TSE:MPVD) Shares Down 12.5% – Here’s What Happened

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report)’s stock price was down 12.5% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 221,300 shares were traded during mid-day trading, an increase of 113% from the average daily volume of 103,715 shares. The stock had previously closed at C$0.12.

Mountain Province Diamonds Stock Down 8.3 %

The company has a debt-to-equity ratio of 90.05, a current ratio of 4.04 and a quick ratio of 0.18. The company has a market cap of C$23.33 million, a PE ratio of 0.50 and a beta of 2.06. The business’s 50 day moving average is C$0.13 and its 200-day moving average is C$0.15.

About Mountain Province Diamonds

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Mountain Province Diamonds Inc focuses on the mining and marketing of rough diamonds worldwide. The company holds a 49% interest in the Gahcho Kué mine comprising mining leases covering an area of 5,216 hectares; and 100% of the mineral rights of the Kennady North consisting of 22 federal leases and 97 claims covering an area of 113,000 hectares located in the Northwest Territories, Canada.

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