Providence Gold Mines (CVE:PHD) Shares Down 20% – What’s Next?

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

Providence Gold Mines Stock Performance

The stock has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.03. The firm has a market capitalization of C$2.54 million, a P/E ratio of -1.00 and a beta of 2.64. 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

(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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