Providence Gold Mines (CVE:PHD) Trading Up 42.9% – What’s Next?

Shares of Providence Gold Mines Inc. (CVE:PHDGet Free Report) were up 42.9% during mid-day 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 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 Stock Performance

The firm has a market cap of C$3.18 million, a PE ratio of -1.25 and a beta of 2.64. The stock has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.07.

About Providence Gold Mines

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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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