Providence Gold Mines (CVE:PHD) Trading Up 66.7% – Here’s What Happened

Providence Gold Mines Inc. (CVE:PHD)’s share price was up 66.7% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 210,000 shares changed hands during mid-day 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 Stock Up 30.0 %

The firm has a market capitalization of C$4.02 million, a PE ratio of -5.00 and a beta of 2.53. 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 stock has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03.

Providence Gold Mines Company Profile

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.