Providence Gold Mines (CVE:PHD) Shares Up 66.7% – Here’s What Happened

Providence Gold Mines Inc. (CVE:PHDGet Free Report) shares were up 66.7% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 210,000 shares were traded during 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 Trading Up 66.7 %

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’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$3.10 million, a price-to-earnings ratio of -5.00 and a beta of 2.53.

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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