Providence Gold Mines (CVE:PHD) Stock Price Up 66.7% – Still a Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report) traded up 66.7% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 210,000 shares were traded during trading, an increase of 162% from the average session volume of 80,055 shares. The stock had previously closed at C$0.03.

Providence Gold Mines Stock Performance

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 company has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The firm has a market capitalization of C$3.10 million, a price-to-earnings ratio of -5.00 and a beta of 2.53.

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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