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