Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares were up 36.4% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.08. Approximately 318,000 shares were traded during mid-day trading, an increase of 246% from the average daily volume of 91,827 shares. The stock had previously closed at C$0.06.
Providence Gold Mines Price Performance
The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.07. The firm has a market cap of C$4.64 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The stock has a 50-day moving average price of C$0.04 and a 200 day moving average price 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.
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