Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares were up 22.2% during mid-day trading on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 118,000 shares traded hands during trading, an increase of 24% from the average daily volume of 95,034 shares. The stock had previously closed at C$0.05.
Providence Gold Mines Trading Up 22.2%
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03. The firm has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.03. The company has a market cap of C$3.50 million, a price-to-earnings ratio of -1.38 and a beta of 2.64.
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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