Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Sees Significant Growth in Short Interest

by · The Markets Daily

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 1,118 shares, an increase of 80.9% from the June 30th total of 618 shares. Based on an average daily trading volume, of 42,794 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Mountain Province Diamonds Stock Up 66.7%

Shares of OTCMKTS MPVDF traded up $0.00 during mid-day trading on Friday, reaching $0.00. 175,333 shares of the company’s stock traded hands, compared to its average volume of 30,503. Mountain Province Diamonds has a 1-year low of $0.00 and a 1-year high of $0.07. The company has a debt-to-equity ratio of 78.50, a current ratio of 0.77 and a quick ratio of 0.02. The business has a 50-day simple moving average of $0.02 and a 200 day simple moving average of $0.03. The stock has a market cap of $107,441.00, a P/E ratio of -0.00 and a beta of 1.14.

Mountain Province Diamonds (OTCMKTS:MPVDF – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.23) EPS for the quarter. Mountain Province Diamonds had a negative return on equity of 404.80% and a negative net margin of 203.32%.The business had revenue of $29.15 million for the quarter.

Mountain Province Diamonds Company Profile

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Mountain Province Diamonds Inc is a Canadian-based diamond producer primarily engaged in the development, operation and marketing of rough diamonds. The company holds a 49% interest in the Gahcho Kué Diamond Mine, one of the world’s largest new diamond deposits, located in the Northwest Territories of Canada. Through its joint venture with De Beers Canada, Mountain Province Diamonds contributes to the extraction and sale of high‐quality gem and near‐gem diamonds suited for global jewelry markets.

The Gahcho Kué mine commenced commercial production in the mid-2010s and draws ore from multiple kimberlite pipes near Kennady Lake.

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