Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price rose 40% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 354,665 shares were traded during trading, an increase of 253% from the average daily volume of 100,518 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Stock Up 40.0%
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03. The stock has a market cap of C$2.23 million, a price-to-earnings ratio of -0.88 and a beta of 1.92. The firm’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.03.
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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