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

Providence Gold Mines Inc. (CVE:PHD) shares shot up 66.7% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 210,000 shares traded hands 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 Stock Up 66.7 %

The firm has a market cap of C$3.10 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The business’s 50-day moving average is C$0.03 and its 200-day moving average is 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.

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.