Providence Gold Mines (CVE:PHD) Trading Up 22.2% – What’s Next?

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price traded up 22.2% during trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 118,000 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 95,034 shares. The stock had previously closed at C$0.05.

Providence Gold Mines Trading Up 22.2%

The stock has a market capitalization of C$3.50 million, a PE ratio of -1.38 and a beta of 2.64. 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 has a 50 day moving average price of C$0.04 and a 200 day moving average price of 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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