Providence Gold Mines (CVE:PHD) Trading 42.9% Higher – What’s Next?

by · The Markets Daily

Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s share price traded up 42.9% on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 273,000 shares traded hands 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 Stock Up 42.9%

The company has a market capitalization of C$3.18 million, a P/E 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 company has a 50 day moving average of C$0.04 and a 200-day moving average of C$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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