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

Providence Gold Mines Inc. (CVE:PHD)’s share price shot up 42.9% on Saturday . The stock traded as high as C$0.05 and last traded at C$0.05. 273,000 shares changed 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 current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of C$3.18 million, a P/E ratio of -1.25 and a beta of 2.64. The stock’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03.

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.