Mountain Province Diamonds (TSE:MPVD) Trading Up 42.9% – Should You Buy?

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) rose 42.9% during mid-day trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 226,829 shares changed hands during trading, an increase of 210% from the average daily volume of 73,287 shares. The stock had previously closed at C$0.07.

Mountain Province Diamonds Trading Down 11.8 %

The company has a market capitalization of C$15.91 million, a PE ratio of 0.31 and a beta of 2.06. 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’s fifty day moving average is C$0.11 and its 200-day moving average is C$0.13.

About Mountain Province Diamonds

(Get Free Report)

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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