Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) rose 28.6% during mid-day trading on Saturday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 245,000 shares traded hands during trading, an increase of 147% from the average daily volume of 99,160 shares. The stock had previously closed at C$0.04.
Providence Gold Mines Price Performance
The company’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. 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 has a market capitalization of C$2.86 million, a price-to-earnings ratio of -1.13 and a beta of 2.67.
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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