Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shot up 28.6% on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 245,000 shares were traded during trading, an increase of 147% from the average session volume of 99,160 shares. The stock had previously closed at C$0.04.
Providence Gold Mines Trading Up 28.6%
The business has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.03. The stock has a market cap of C$2.86 million, a price-to-earnings ratio of -1.13 and a beta of 2.67. The company has a quick ratio of 0.07, a current ratio of 0.03 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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