Providence Gold Mines (CVE:PHD) Sets New 52-Week High – Time to Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price hit a new 52-week high on Thursday . The company traded as high as C$0.07 and last traded at C$0.07, with a volume of 16002 shares changing hands. The stock had previously closed at C$0.05.

Providence Gold Mines Stock Performance

The stock has a market cap of C$4.02 million, a PE ratio of -5.00 and a beta of 2.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.07. The stock has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of 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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