Providence Gold Mines (CVE:PHD) Hits New 52-Week Low – Here’s Why
by Sarita Garza · The Markets DailyShares of Providence Gold Mines Inc. (CVE:PHD – Get Free Report) reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 10,000 shares. The stock had previously closed at C$0.04.
Providence Gold Mines Stock Performance
The stock’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.07. The firm has a market cap of C$2.12 million, a P/E ratio of -1.12 and a beta of 0.81.
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. The company was formerly known as Red Hut Metals Inc and changed its name to Providence Gold Mines Inc in July 2017.
Recommended Stories
- Five stocks we like better than Providence Gold Mines
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
- Block by Block: Cash App Builds a Stronger Foundation