Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares rose 25% during trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 607,815 shares traded hands during trading, an increase of 490% from the average daily volume of 102,953 shares. The stock had previously closed at C$0.02.
Providence Gold Mines Trading Up 25.0%
The firm has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.04. The firm has a market capitalization of C$1.55 million, a PE ratio of -5.00 and a beta of 2.53. The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42.
About Providence Gold Mines
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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