Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) were up 11.1% during trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 105,000 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 60,970 shares. The stock had previously closed at C$0.04.
Providence Gold Mines Stock Performance
The company has a market capitalization of C$3.54 million, a price-to-earnings ratio of -1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03. The business’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.06.
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. The company was formerly known as Red Hut Metals Inc and changed its name to Providence Gold Mines Inc in July 2017.
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