Providence Gold Mines (CVE:PHD) Stock Price Down 27.3% – Should You Sell?

Providence Gold Mines Inc. (CVE:PHD) shares dropped 27.3% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 203,000 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 98,660 shares. The stock had previously closed at C$0.06.

Providence Gold Mines Stock Performance

The company has a market capitalization of C$2.54 million, a P/E ratio of -1.00 and a beta of 2.67. 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 company has a fifty day moving average price of C$0.03 and a two-hundred day moving average price of C$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.