Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shot up 28.6% on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 245,000 shares traded hands during mid-day trading, an increase of 147% from the average session volume of 99,160 shares. The stock had previously closed at C$0.04.
Providence Gold Mines Trading Up 28.6%
The company has a market cap of C$2.86 million, a P/E ratio of -1.13 and a beta of 2.67. 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 business has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$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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