Providence Gold Mines (CVE:PHD) Shares Down 28.6% – Time to Sell?
by Kim Johansen · The Markets DailyProvidence Gold Mines Inc. (CVE:PHD – Get Free Report) dropped 28.6% during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 156,353 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 91,915 shares. The stock had previously closed at C$0.07.
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 0.03. The firm has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.04. The company has a market capitalization of C$3.26 million, a PE ratio of -1.25 and a beta of 1.98.
Providence Gold Mines Company Profile
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. The company was formerly known as Red Hut Metals Inc and changed its name to Providence Gold Mines Inc in July 2017.