Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares were down 40% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 460,000 shares were traded during mid-day trading, an increase of 329% from the average daily volume of 107,349 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Price Performance
The company has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The stock has a market cap of C$1.55 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The company has a current ratio of 0.03, a quick ratio of 0.07 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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