Providence Gold Mines (CVE:PHD) Trading 36.4% Higher – Here’s What Happened

Providence Gold Mines Inc. (CVE:PHDGet Free Report) shares were up 36.4% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.08. Approximately 318,000 shares were traded during trading, an increase of 246% from the average daily volume of 91,827 shares. The stock had previously closed at C$0.06.

Providence Gold Mines Stock Performance

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 market cap of C$3.71 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The stock has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.03.

About Providence Gold Mines

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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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