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Short Interest in Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Drops By 7.6%

Defense World ·  Sep 20, 2022 01:21

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF – Get Rating) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 218,000 shares, a drop of 7.6% from the August 15th total of 236,000 shares. Based on an average trading volume of 36,500 shares, the days-to-cover ratio is presently 6.0 days.

Mountain Province Diamonds Price Performance

Shares of OTCMKTS:MPVDF opened at $0.39 on Tuesday. The company's fifty day moving average price is $0.42 and its 200 day moving average price is $0.52. Mountain Province Diamonds has a 12 month low of $0.32 and a 12 month high of $0.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.50 and a quick ratio of 0.08. The firm has a market capitalization of $82.25 million, a P/E ratio of 0.35 and a beta of 1.65.

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About Mountain Province Diamonds

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Mountain Province Diamonds Inc focuses on the mining and marketing of rough diamonds worldwide. Its primary asset is its 49% interest in the Gahcho Kué diamond mine comprising mining leases covering an area of 5,216 hectares; and holds a 100% interest in the Kennady North project consisting of 22 federal leases and 97 claims covering an area of 107,000 hectares located in the Northwest Territories, Canada.

Further Reading

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