Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares shot up 50% on Friday . The company traded as high as C$0.05 and last traded at C$0.05. 286,500 shares traded hands during trading, an increase of 181% from the average session volume of 102,000 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Stock Performance
The firm has a market capitalization of C$2.86 million, a P/E ratio of -1.13 and a beta of 1.92. 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 stock’s 50 day moving average is C$0.02 and its two-hundred day moving average 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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