Providence Gold Mines (CVE:PHD) Trading Down 20% – Should You Sell?

by · The Markets Daily

Providence Gold Mines Inc. (CVE:PHD – Get Free Report) traded down 20% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 23,000 shares traded hands during mid-day 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 company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03. The stock has a market cap of C$2.54 million, a price-to-earnings ratio of -1.00 and a beta of 2.64. The stock has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.03.

Providence Gold Mines Company Profile

(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.

Featured Articles