Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares shot up 50% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 286,500 shares changed 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 stock has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. 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 company has a market cap of C$2.86 million, a P/E ratio of -1.13 and a beta of 1.92.
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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