Providence Gold Mines (CVE:PHD) Trading 66.7% Higher – Time to Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price traded up 66.7% on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 210,000 shares were traded during mid-day 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 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 business’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The stock has a market capitalization of C$3.10 million, a P/E ratio of -5.00 and a beta of 2.53.

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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