Providence Gold Mines (CVE:PHD) Stock Price Down 20% – Here’s Why

Shares of Providence Gold Mines Inc. (CVE:PHDGet Free Report) fell 20% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 23,000 shares were traded during trading, a decline of 76% from the average session volume of 96,255 shares. The stock had previously closed at C$0.05.

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 company’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03. The stock has a market cap of C$2.54 million, a price-to-earnings ratio of -1.00 and a beta of 2.64.

Providence Gold Mines Company Profile

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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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