Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares rose 25% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 173,000 shares were traded during mid-day trading, an increase of 171% from the average daily volume of 63,737 shares. The stock had previously closed at C$0.02.
Providence Gold Mines Price Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of C$1.55 million, a price-to-earnings ratio of -5.00 and a beta of 3.01. The company’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.03.
About Providence Gold Mines
Providence Gold Mines Inc, an exploration stage company, engages in the 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, which includes the Black Oak Mine, Soulsby Mine, Dead Horse Mine, New Albany Mine, Star King Mine, and others located in the Summerville Mining District, Tuolumne County, California.
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