Providence Gold Mines (CVE:PHD) Reaches New 12-Month Low – Time to Sell?

Providence Gold Mines Inc. (CVE:PHD – Get Free Report)’s stock price hit a new 52-week low on Friday. The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 13,000 shares. The stock had previously closed at C$0.04.

Providence Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.07. The firm has a market cap of C$2.12 million, a PE ratio of -1.12 and a beta of 0.71. The business has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05.

Providence Gold Mines Company Profile

(Get Free Report)

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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