An Overlooked Reason Mountain Province Diamonds Inc. (MPVD) And Mercer International Inc. (MERC) Might Still Have Legs

The price of Mountain Province Diamonds Inc. (NASDAQ:MPVD) went up by $0.08 now trading at $1.01. Their shares witnessed a 24.69% increase from the 52-week low price of $0.81 they recorded on 2019-04-09. Even though it is still -189.11% behind the $2.92 high touched on 2018-05-22. The last few days have been good for the stock, as its price has grew by 18.11% during the week. It has also performed poorly over the past three months, as it lost around -22.31% while it has so far retreated around -59.19% during the course of a year. The stock of MPVD recorded -29.69% downtrend from the beginning of this year till date. The 12-month potential price target for Mountain Province Diamonds Inc. is set at $7. This target means that the stock has an upside potential to increase by 593.07% from the current trading price.

6 institutions entered new Mountain Province Diamonds Inc. (NASDAQ:MPVD) positions, 14 added to their existing positions in these shares, 14 lowered their positions, and 3 exited their positions entirely.

Mountain Province Diamonds Inc. (MPVD) trade volume has decreased by -1.26% as around 141,815 shares were sold when compared with its 50-day average volume of traded shares which is 143,628. At the moment, MPVD is witnessing a uptrend, as it is trading 12.4% above its 20-day SMA, 2.21% above its 50-day SMA, and -36.87% above its 200-day SMA. The company runs an ROE of roughly 0%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the 0% decrease witnessed over the past five years.

The first technical resistance point for Mountain Province Diamonds Inc. (NASDAQ:MPVD) will likely come at $1.06, marking a 4.72% premium to the current level. The second resistance point is at $1.12, about 9.82% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $0.88, the lower end of the range. MPVD’s 14-day MACD is 0.06 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 60.75, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 62.1 percent, which is low when compared to that of the 50-day’s 74.05 percent.

The shares of Mercer International Inc. (NASDAQ:MERC) has decreased by -1.56%, and now trading at $14.52 on the Wall Street in the intra-day deal, with their shares traded now around 273,760. This is a decline of -44,280 shares over the average 318,040 shares that were traded daily over the last three months. The stock that is trading at $14.52 went higher by 55.13% from its 52-week low of $9.36 that it attained back on 2018-12-24. The stock recorded a 52-week high of $19.14 nearly 193 days ago on 2018-10-05.

MERC stock has performed well over the past 30 days, as it added 4.46% while its price climbed by 39.08% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 3.57% over the last week. The stock’s 12-month potential target price is now at $22.83. This means that the stock price might likely increase by 57.23% from its current trading price. 6 out of 6 Wall Street analysts which represents 100% rated the stock as a buy while the remaining 0% rated it as a hold, with 0% of analysts rating it as a sell.

Mercer International Inc. (NASDAQ:MERC) has been utilizing an ROE that is roughly 22.6%, with stock analysts predicting that the company’s EPS for the next five years will go up by 5.73% per year, following the 43.7% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 4.2% above its 20-day SMA, 2.08% above its 50-day SMA, and -3.39% below its 200-day SMA. In percentage terms, the aggregate Mercer International Inc. shares held by institutional investors is 53.5%. 26 institutions jumped in to acquire Mercer International Inc. (MERC) fresh stake, 70 added to their current holdings in these shares, 70 lowered their positions, and 23 left no stake in the company.

The stock’s 9-day MACD is 0.36 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 60.84, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 25.75 percent, which is less when compared to that of the 50-day’s 30.18 percent. On the daily chart, we see that the stock could reach the first level of resistance at $14.76, sporting a 1.63% premium to the current level. The next resistance point is at $15, representing nearly 3.2% premium to the current market price of Mercer International Inc. (MERC). On the other hand, failure to breach the immediate hurdles can drag it down to $14.2, the lower end of the range.