Providence Gold Mines (CVE:PHD) Trading 28.6% Higher – What’s Next?

Providence Gold Mines Inc. (CVE:PHDGet Free Report) shares traded up 28.6% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 245,000 shares traded hands 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 Stock Up 28.6%

The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. The company has a market capitalization of C$2.86 million, a PE ratio of -1.13 and a beta of 2.67. The business’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03.

Providence Gold Mines Company Profile

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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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