Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price was up 63.6% on Monday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 315,000 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 90,527 shares. The stock had previously closed at C$0.06.
Providence Gold Mines Trading Up 36.4 %
The business has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.03. The stock has a market capitalization of C$4.64 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 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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