Mountain Province Diamonds (TSE:MPVD) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.14 and traded as low as C$0.14. Mountain Province Diamonds shares last traded at C$0.15, with a volume of 144,779 shares trading hands.

Mountain Province Diamonds Stock Performance

The company has a current ratio of 4.04, a quick ratio of 0.18 and a debt-to-equity ratio of 90.05. The firm has a market capitalization of C$30.76 million, a P/E ratio of 0.60 and a beta of 2.06. The business’s 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.17.

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.

Further Reading

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