Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) rose 66.7% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 210,000 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 80,055 shares. The stock had previously closed at C$0.03.
Providence Gold Mines Stock Performance
The firm’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.03. The company has a market cap of C$4.02 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03.
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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