Providence Gold Mines (CVE:PHD) Trading Down 20% – Here’s What Happened

by · The Cerbat Gem

Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares fell 20% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 23,000 shares were traded during trading, a decline of 76% from the average session volume of 96,255 shares. The stock had previously closed at C$0.05.

Providence Gold Mines Stock Performance

The firm’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.07. The stock has a market cap of C$2.54 million, a P/E ratio of -1.00 and a beta of 2.64.

About Providence Gold Mines

(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.

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