Mountain Province Diamonds (TSE:MPVD) Hits New 52-Week Low – Should You Sell?

Shares of Mountain Province Diamonds Inc. (TSE:MPVDGet Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 45000 shares trading hands. The stock had previously closed at C$0.12.

Mountain Province Diamonds Trading Up 4.5 %

The business’s 50-day moving average is C$0.13 and its two-hundred day moving average is C$0.14. 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 stock has a market capitalization of C$24.39 million, a PE ratio of 0.48 and a beta of 2.06.

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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