Providence Gold Mines (CVE:PHD) Trading Up 63.6% – Should You Buy?

Providence Gold Mines Inc. (CVE:PHD – Get Free Report) shares were up 63.6% during mid-day trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 150,000 shares traded hands during trading, an increase of 80% from the average daily volume of 83,427 shares. The stock had previously closed at C$0.06.

Providence Gold Mines Price Performance

The stock has a market cap of C$4.64 million, a PE ratio of -5.00 and a beta of 2.53. 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’s fifty day moving average is C$0.04 and its 200 day moving average is 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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