Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) fell 20% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 23,000 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 96,255 shares. The stock had previously closed at C$0.05.
Providence Gold Mines Stock Down 20.0%
The stock has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.03. The company has a market capitalization of C$2.54 million, a PE ratio of -1.00 and a beta of 2.64. The company has a quick ratio of 0.07, a current ratio of 0.03 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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