Providence Gold Mines (CVE:PHD) Stock Price Up 42.9% – Here’s What Happened

Providence Gold Mines Inc. (CVE:PHD)’s stock price was up 42.9% on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 273,000 shares traded hands during mid-day trading, an increase of 182% from the average daily volume of 96,785 shares. The stock had previously closed at C$0.04.

Providence Gold Mines Trading Up 42.9%

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 firm’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.03. The firm has a market cap of C$3.18 million, a P/E ratio of -1.25 and a beta of 2.64.

Providence Gold Mines Company Profile

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.