Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price was down 20% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 23,000 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 96,255 shares. The stock had previously closed at C$0.05.
Providence Gold Mines Stock Performance
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. The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of C$0.04 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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