Price Action Don’t Lie: Is Mountain Province Diamonds, Inc. a Sell? The Stock Declines Again

Price Action Don't Lie: Is Mountain Province Diamonds, Inc. a Sell? The Stock Declines Again

The stock of Mountain Province Diamonds, Inc. (NASDAQ:MDM) is a huge mover today! The stock decreased 3.44% or $0.18 on October 3, hitting $5.06. About 69,127 shares traded hands or 45.43% up from the average. Mountain Province Diamonds, Inc. (NASDAQ:MDM) has risen 38.63% since March 1, 2016 and is uptrending. It has outperformed by 26.41% the S&P500.
The move comes after 6 months negative chart setup for the $800.19 million company. It was reported on Oct, 4 by Barchart.com. We have $4.81 PT which if reached, will make NASDAQ:MDM worth $40.01M less.

Analysts await Mountain Province Diamonds, Inc. (NASDAQ:MDM) to report earnings on November, 11.

According to Zacks Investment Research, “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.”

More recent Mountain Province Diamonds, Inc. (NASDAQ:MDM) news were published by: Seekingalpha.com which released: “Mountain Province Diamonds: An Investment Opportunity, Every Diamond Bull …” on October 15, 2015. Also Seekingalpha.com published the news titled: “How Mountain Province Diamonds Could Benefit From The Closure Of The Snap Lake …” on December 09, 2015. Seekingalpha.com‘s news article titled: “Mountain Province Diamonds Offers 65% Upside” with publication date: September 11, 2014 was also an interesting one.

MDM Company Profile

Mountain Province Diamonds Inc. (MPV), incorporated on May 8, 2006, is a natural resource property exploration and development company. The Firm holds approximately 49% interest in the Gahcho Kue Property. The Company’s Gahcho Kue Property is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, approximately 300 kilometers east-northeast of Yellowknife and over 80 kilometers east-southeast of the existing Snap Lake Mine. The Company’s subsidiaries include 2435386 Ontario Inc. and 2435572 Ontario Inc.

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