Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) rose 42.9% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 273,000 shares traded hands during mid-day trading, an increase of 182% from the average daily volume of 96,785 shares. The stock had previously closed at C$0.04.
Providence Gold Mines Trading Up 42.9%
The business’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.03. The company has a market cap of C$3.18 million, a P/E ratio of -1.25 and a beta of 2.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 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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