Providence Gold Mines (CVE:PHD) Trading 22.2% Higher – Here’s What Happened

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price shot up 22.2% during mid-day trading on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. 118,000 shares traded hands during trading, an increase of 24% from the average session volume of 95,034 shares. The stock had previously closed at C$0.05.

Providence Gold Mines Price Performance

The firm has a market capitalization of C$3.50 million, a PE ratio of -1.38 and a beta of 2.64. The business has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.03. The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42.

Providence Gold Mines Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Providence Gold Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Providence Gold Mines and related companies with MarketBeat.com's FREE daily email newsletter.