Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price traded up 50% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 286,500 shares traded hands during mid-day trading, an increase of 181% from the average session volume of 102,000 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Price 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 capitalization of C$2.86 million, a PE ratio of -1.13 and a beta of 1.92. The stock has a 50-day moving average price of C$0.02 and a 200 day moving average price 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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