Providence Gold Mines (CVE:PHD) Sets New 52-Week Low – Should You Sell?

Providence Gold Mines Inc. (CVE:PHD)’s stock price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 10,000 shares traded. The stock had previously closed at C$0.04.

Providence Gold Mines Stock Down 25.0%

The company has a quick ratio of 0.07, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.05. The stock has a market capitalization of C$2.12 million, a P/E ratio of -1.12 and a beta of 0.81.

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. The company was formerly known as Red Hut Metals Inc and changed its name to Providence Gold Mines Inc in July 2017.