Providence Gold Mines (CVE:PHD) Stock Price Up 66.7% – Time to Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report) shares were up 66.7% during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 148,500 shares were traded during trading, an increase of 47% from the average daily volume of 100,789 shares. The stock had previously closed at C$0.03.

Providence Gold Mines Stock Up 50.0%

The stock has a market capitalization of C$2.86 million, a PE ratio of -1.13 and a beta of 1.92. 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 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.03.

Providence Gold Mines Company Profile

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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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