Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price rose 36.4% during mid-day trading on Monday . The stock traded as high as C$0.10 and last traded at C$0.08. Approximately 318,000 shares traded hands during trading, an increase of 246% from the average daily volume of 91,827 shares. The stock had previously closed at C$0.06.
Providence Gold Mines Trading Up 36.4 %
The firm’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03. The stock has a market cap of C$4.64 million, a P/E 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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