Mountain Province Diamonds Inc

Published : March 20th, 2015

Mountain Province Diamonds (MDM) is Oversold: Can It Recover? - Tale of the Tape

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Mountain Province Diamonds (MDM) is Oversold: Can It Recover? - Tale of the Tape

Mountain Province Diamonds, Inc. (MDM) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at MDM given that, according to its RSI reading of 29.77, it is now in oversold territory.

What is RSI?

 

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

 

Other Factors

 

Yet, MDM’s low RSI value isn’t the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Mountain Province Diamonds’ earnings consensus.

 

Over the past two months, investors have seen 1 earnings estimate revision move higher, compared with one lower, at least when looking at the key current year time frame. And the consensus estimate for MDM has also been on an upward trend over the past 60 days, as estimates have risen from -$0.05/share two months ago to just -$0.04/share right now. 

 

If this wasn’t enough, Mountain Province Diamonds also has a Zacks Rank #2 (Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long.

 

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Mountain Province Diamonds Inc

DEVELOPMENT STAGE
CODE : MDM
ISIN : CA62426E4022
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Mountain Province Diamonds is a diamonds exploration company based in Canada.

Mountain Province Diamonds develops diamonds and gold in Canada, and holds various exploration projects in Canada.

Its main asset in development is BAFFIN ISLAND in Canada and its main exploration properties are BORDEN, GAHCHO KUÉ, TELEGRAPH, KETZA RIVER (EVE / WHITE / WHYTE) and SPRINGTIME in Canada.

Mountain Province Diamonds is listed in Canada and in United States of America. Its market capitalisation is US$ 230.7 millions as of today (€ 219.1 millions).

Its stock quote reached its lowest recent point on February 27, 2009 at US$ 0.54, and its highest recent level on September 18, 2009 at US$ 9.84.

Mountain Province Diamonds has 45 240 000 shares outstanding.

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Financings of Mountain Province Diamonds Inc
3/12/2014Announces Increase to Previously Announced Bought Deal Finan...
3/12/2014Announces C$15.3M Bought Deal Financing
11/18/2013reases Non-Brokered Private Placement to C$29.1M
11/11/2013Announces Non-Brokered Private Placement
Project news of Mountain Province Diamonds Inc
10/6/20152:15 pm Mountain Province Diamonds confirmed that the develo...
8/12/2014Gahcho Kué joint venture welcomes issuance of land use permi...
6/14/2011(Gahcho Kué)De Beers Canada and Mountain Province Diamonds Provide Gahch...
Corporate news of Mountain Province Diamonds Inc
6/22/2016Mountain Province Diamonds Announces Results of Annual Gener...
6/20/2016Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
5/9/2016Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
10/15/2015Mountain Province Appoints Vice President Diamond Marketing
10/6/2015Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
7/16/2015Rio Tinto Reports Sound Q2 Volumes Despite Price Worries - A...
7/7/2015Mountain Province's Gahcho Kué Diamond Mine 62 percent Compl...
7/7/2015Mountain Province’s Gahcho Kué Diamond Mine 62 percent Compl...
4/20/2015General Moly (GMO) Looks Good: Stock Surges 25.9% - Tale of ...
4/16/2015Will Mountain Province Diamonds (MDM) Continue to Surge High...
4/16/2015FMSA Holdings (FMSA) Jumps: Stock Adds 5.8% in Session - Tal...
4/7/2015Mountain Province Diamonds Closes Term Loan Facility to Fund...
3/31/2015Mountain Province Diamonds C$95M Rights Offering Completed a...
3/20/2015Mountain Province Diamonds (MDM) is Oversold: Can It Recover...
3/17/2015Mountain Province Diamonds Provides Gahcho Kué Project Updat...
3/4/2015Mountain Province Diamonds Announces Diamond Recovery Result...
2/18/2015Mountain Province Diamonds Announces C$95M Rights Offering
2/3/2015Mountain Province Diamonds Announces Credit Approval for US$...
1/8/2015Mountain Province Diamonds Updates Term Loan Facility
1/8/2015Mountain Province Diamonds Updates Term Loan Facility
12/24/2014Gahcho Kué Joint Venture and Deninu Kué First Nation Sign Im...
12/20/2014Mountain Province Diamonds to Begin Trading on NASDAQ Stock ...
12/19/2014Mountain Province Diamonds to Begin Trading on NASDAQ Stock ...
12/16/2014Gahcho Kué Joint Venture and NWT Métis Nation Sign Impact Be...
10/16/2014Mountain Province Diamonds Closes C$100M Bought Deal and Non...
10/16/2014Mountain Province Diamonds Closes C$100M Bought Deal and Non...
8/12/2014Gahcho Kué Joint Venture Welcomes Issuance of Land Use Permi...
7/28/2014Mountain Province Diamonds Appoints Banks to Arrange and Und...
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AMEX (MDM)TORONTO (MPV.TO)
5.10+3.55%6.66-1.19%
AMEX
US$ 5.10
12/29 15:59 0.180
3.55%
Prev close Open
4.93 4.90
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4.90 5.13
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  5.10 -%
Volume 1 month var.
61,538 -%
24hGold TrendPower© : -4
Produces
Develops Diamonds - Gold
Explores for Diamonds
 
 
 
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