Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares shot up 22.2% during mid-day trading on Saturday . The company traded as high as C$0.06 and last traded at C$0.06. 118,000 shares were traded during mid-day trading, an increase of 24% from the average session volume of 95,034 shares. The stock had previously closed at C$0.05.
Providence Gold Mines Stock Up 22.2%
The firm has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.03. The stock has a market capitalization of C$3.50 million, a P/E ratio of -1.38 and a beta of 2.64. 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
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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