Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price was up 42.9% during trading on Saturday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 273,000 shares traded hands during mid-day trading, an increase of 182% from the average daily volume of 96,785 shares. The stock had previously closed at C$0.04.
Providence Gold Mines Trading Up 42.9%
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 stock has a market capitalization of C$3.18 million, a P/E ratio of -1.25 and a beta of 2.64. The firm’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is 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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