Shares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shot up 25% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 173,000 shares traded hands during mid-day trading, an increase of 171% from the average session volume of 63,737 shares. The stock had previously closed at C$0.02.
Providence Gold Mines Stock Performance
The stock has a market capitalization of C$1.55 million, a price-to-earnings ratio of -5.00 and a beta of 3.01. The firm has a fifty day moving average of C$0.02 and a 200 day moving average of C$0.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.07 and a quick ratio of 0.07.
About Providence Gold Mines
Providence Gold Mines Inc, an exploration stage company, engages in the 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, which includes the Black Oak Mine, Soulsby Mine, Dead Horse Mine, New Albany Mine, Star King Mine, and others located in the Summerville Mining District, Tuolumne County, California.
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