Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price shot up 66.7% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 210,000 shares traded hands during trading, an increase of 162% from the average session volume of 80,055 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Stock Performance
The stock has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03. The stock has a market capitalization of C$4.02 million, a price-to-earnings ratio of -5.00 and a beta of 2.53.
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.
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