Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shot up 36.4% during mid-day trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.08. 318,000 shares changed hands during trading, an increase of 246% from the average session volume of 91,827 shares. The stock had previously closed at C$0.06.
Providence Gold Mines Price Performance
The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.03. 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 market capitalization of C$3.71 million, a P/E ratio of -5.00 and a beta of 2.53.
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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