Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shot up 36.4% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.08. 318,000 shares traded hands during trading, an increase of 246% from the average session volume of 91,827 shares. The stock had previously closed at C$0.06.
Providence Gold Mines Stock Performance
The stock has a market cap of C$4.64 million, a P/E 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 firm’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.03.
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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