Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price shot up 36.4% during trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.08. 318,000 shares were traded during trading, an increase of 246% from the average session volume of 91,827 shares. The stock had previously closed at C$0.06.
Providence Gold Mines Price Performance
The business’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. The company has a market capitalization of C$3.71 million, a P/E ratio of -5.00 and a beta of 2.53. The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42.
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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