Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s stock price 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 changed 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 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 stock has a market cap of C$4.02 million, a P/E ratio of -5.00 and a beta of 2.53. The stock has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03.
About Providence Gold Mines
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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