| Mountain Province Diamonds (MDM) is Oversold: Can It Recover? - Tale of the Tape | |
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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 -$0.04/share right now.
If this wasn’t enough, Mountain Province Diamonds also has a Zacks Rank #2 (Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long.
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Mountain Province Diamonds Inc
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EN DÉVELOPPEMENT |
CODE : MDM |
ISIN : CA62426E4022 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Mountain Province Diamonds est une société d’exploration minière de diamants basée au Canada. Mountain Province Diamonds est en développement de projets de diamants et d'or au Canada, et détient divers projets d'exploration au Canada. Son principal projet en développement est BAFFIN ISLAND au Canada et ses principaux projets en exploration sont BORDEN, GAHCHO KUÉ, TELEGRAPH, KETZA RIVER (EVE / WHITE / WHYTE) et SPRINGTIME au Canada. Mountain Province Diamonds est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 230,7 millions US$ (219,1 millions €). La valeur de son action a atteint son plus bas niveau récent le 27 février 2009 à 0,54 US$, et son plus haut niveau récent le 18 septembre 2009 à 9,84 US$. Mountain Province Diamonds possède 45 240 000 actions en circulation. |