Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s stock price rose 40% during trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 354,665 shares traded hands during mid-day 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 Performance
The company has a quick ratio of 0.07, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The firm has a market cap of C$2.23 million, a price-to-earnings ratio of -0.88 and a beta of 1.92. The company has a 50 day moving average of C$0.02 and a 200 day moving average of 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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