Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s stock price rose 42.9% 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 Stock Up 42.9%
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 has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. The stock has a market capitalization of C$3.18 million, a price-to-earnings ratio of -1.25 and a beta of 2.64.
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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