Mountain Province Diamonds (TSE:MPVD) Trading 23.1% Higher – Here’s What Happened

Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) shot up 23.1% during mid-day trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. 237,375 shares traded hands during trading, an increase of 67% from the average session volume of 142,469 shares. The stock had previously closed at C$0.07.

Mountain Province Diamonds Price Performance

The company has a market capitalization of C$16.98 million, a PE ratio of -0.19 and a beta of 2.06. The company has a quick ratio of 0.18, a current ratio of 4.04 and a debt-to-equity ratio of 90.05. The firm’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.11.

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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