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

Providence Gold Mines Inc. (CVE:PHDGet Free Report) was up 66.7% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 210,000 shares changed hands during mid-day 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 Stock Performance

The stock has a market capitalization of C$4.02 million, a P/E ratio of -5.00 and a beta of 2.53. The company has a quick ratio of 0.07, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03.

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.

Read More

Receive News & Ratings for Providence Gold Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Providence Gold Mines and related companies with MarketBeat.com's FREE daily email newsletter.