Zacks Investment Research Downgrades Mountain Province Diamonds Inc. (MPVD) to Sell

Zacks Investment Research downgraded shares of Mountain Province Diamonds Inc. (NASDAQ:MPVD) from a hold rating to a sell rating in a research note released on Friday, May 12th.

According to Zacks, “Mountain Province Diamonds Inc. Diamonds is a diamond exploration and development company. It has properties located in Canada’s Northwest Territories. Mountain Province Diamonds Inc., formerly known as Mountain Province Mining Inc., is headquartered in Toronto, Ontario. “

Mountain Province Diamonds (MPVD) traded down 1.67% on Friday, reaching $2.95. 26,158 shares of the company’s stock were exchanged. Mountain Province Diamonds has a 1-year low of $2.55 and a 1-year high of $5.52. The company’s market capitalization is $472.51 million. The company has a 50 day moving average price of $2.92 and a 200-day moving average price of $3.94.

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Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc is a resource company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company holds interests in the GK Diamond Mine. The GK Diamond Mine is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, 300 kilometers east-northeast of Yellowknife and 80 kilometers east-southeast of the Snap Lake Mine.

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