Providence Gold Mines (CVE:PHD) Stock Price Down 20% – Here’s Why

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price traded down 20% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. 23,000 shares traded hands during trading, a decline of 76% from the average session volume of 96,255 shares. The stock had previously closed at C$0.05.

Providence Gold Mines Trading Up 14.3%

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 of C$0.04 and a 200-day moving average of C$0.03. The stock has a market cap of C$2.54 million, a PE ratio of -1.00 and a beta of 2.64.

About Providence Gold Mines

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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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