Providence Gold Mines (CVE:PHD) Shares Up 42.9% – Time to Buy?

by · The Markets Daily

Providence Gold Mines Inc. (CVE:PHD – Get Free Report) traded up 42.9% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 273,000 shares were traded during trading, an increase of 182% from the average session volume of 96,785 shares. The stock had previously closed at C$0.04.

Providence Gold Mines Price Performance

The stock has a market capitalization of C$3.18 million, a PE ratio of -1.25 and a beta of 2.64. 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’s fifty day moving average is C$0.04 and its 200-day moving average is 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.

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