Providence Gold Mines (CVE:PHD) Stock Price Up 22.2% – Here’s Why

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price was up 22.2% during trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 118,000 shares traded hands during trading, an increase of 24% from the average daily volume of 95,034 shares. The stock had previously closed at C$0.05.

Providence Gold Mines Price Performance

The company has a market capitalization of C$3.50 million, a P/E ratio of -1.38 and a beta of 2.64. The business’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42.

Providence Gold Mines Company Profile

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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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