Mountain Province Diamonds (TSE:MPVD) Price Target Cut to C$0.05 by Analysts at Scotiabank

Mountain Province Diamonds (TSE:MPVD) had its price objective cut by research analysts at Scotiabank from C$0.10 to C$0.05 in a report issued on Thursday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential downside of 90.20% from the stock’s current price.

Mountain Province Diamonds stock opened at C$0.51 on Thursday. The company has a debt-to-equity ratio of 553.17, a current ratio of 1.70 and a quick ratio of 0.48. The stock has a fifty day moving average price of C$0.53 and a two-hundred day moving average price of C$0.57. Mountain Province Diamonds has a 52-week low of C$0.25 and a 52-week high of C$0.82. The firm has a market capitalization of C$107.35 million and a P/E ratio of -0.41.

Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc, through its subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. Its primary asset is its 49% interest in the Gahcho Kué diamond mine comprising of four mining leases covering an area of 10,353 hectares; and holds a 100% interest in the Kennady North project consisting of 22 federal leases and 97 claims covering an area of 106,202 hectares located in the Northwest Territories, Canada.

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