Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shot up 40% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 354,665 shares changed hands during trading, an increase of 253% from the average session volume of 100,518 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Stock Performance
The stock has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03. The stock has a market cap of C$2.23 million, a P/E ratio of -0.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03.
Providence Gold Mines Company Profile
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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