Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s stock price shot up 66.7% on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 210,000 shares were traded 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 Price Performance
The company has a quick ratio of 0.07, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The company has a market capitalization of C$4.02 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The stock’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is 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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