Providence Gold Mines (CVE:PHD) Reaches New 12-Month Low – What’s Next?

Providence Gold Mines Inc. (CVE:PHDGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 8028 shares trading hands. The stock had previously closed at C$0.03.

Providence Gold Mines Price Performance

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 stock has a market capitalization of C$1.24 million, a PE ratio of -5.00 and a beta of 2.53. The company’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03.

Providence Gold Mines Company Profile

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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.

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