Providence Gold Mines Inc. (CVE:PHD – Get Free Report) fell 20% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 23,000 shares traded hands during trading, a decline of 76% from the average session volume of 96,255 shares. The stock had previously closed at C$0.05.
Providence Gold Mines Price Performance
The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.03. The stock has a market capitalization of C$2.54 million, a price-to-earnings ratio of -1.00 and a beta of 2.64.
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.
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