Providence Gold Mines (CVE:PHD) Shares Up 66.7% – Still a Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s stock price rose 66.7% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 210,000 shares traded hands during trading, an increase of 162% from the average daily volume of 80,055 shares. The stock had previously closed at C$0.03.

Providence Gold Mines Trading Up 66.7 %

The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. The firm has a market cap of C$3.10 million, a PE ratio of -5.00 and a beta of 2.53. The business has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

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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