Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares traded down 40% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. 460,000 shares changed hands during trading, an increase of 329% from the average session volume of 107,349 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Price Performance
The company’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a market capitalization of C$1.55 million, a P/E ratio of -5.00 and a beta of 2.53. The company has a quick ratio of 0.07, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.
About Providence Gold Mines
Providence Gold Mines Inc, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties located in Canada and the United States. The company primarily explores for gold ores. It holds interests in the Providence Mines Property, consisting 7 patented staked mineral claims and 22 located claims, covering an area of approximately 324 acres located in the Summerville Mining District, Sonora, California.
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