Mountain Province Diamonds (TSE:MPVD) Downgraded to Market Perform at BMO Capital Markets

BMO Capital Markets lowered shares of Mountain Province Diamonds (TSE:MPVD) from an outperform rating to a market perform rating in a research report sent to investors on Monday, BayStreet.CA reports. They currently have C$0.50 price target on the stock, down from their prior price target of C$1.50.

TSE:MPVD opened at C$0.38 on Monday. The company has a current ratio of 2.85, a quick ratio of 0.64 and a debt-to-equity ratio of 85.89. The company has a market capitalization of $73.55 million and a P/E ratio of -1.83. Mountain Province Diamonds has a 12 month low of C$0.34 and a 12 month high of C$1.65. The business’s 50-day moving average is C$0.88 and its 200 day moving average is C$1.11.

Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc, through its wholly owned subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. The company's primary asset is its 49% interest in the Gahcho Kué project comprising four mining leases covering an area of approximately 10,353 acres located in the Northwest Territories, Canada.

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