Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price rose 36.4% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.08. Approximately 318,000 shares changed hands during mid-day trading, an increase of 246% from the average daily volume of 91,827 shares. The stock had previously closed at C$0.06.
Providence Gold Mines Price Performance
The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.03. The stock has a market capitalization of C$4.64 million, a PE ratio of -5.00 and a beta of 2.53.
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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