Providence Gold Mines (CVE:PHD) Shares Up 22.2% – Should You Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price shot up 22.2% during trading on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. 118,000 shares changed 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 Price Performance

The company has a market cap of C$3.50 million, a P/E ratio of -1.38 and a beta of 2.64. 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 company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03.

About Providence Gold Mines

(Get Free Report)

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.

Read More

Receive News & Ratings for Providence Gold Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Providence Gold Mines and related companies with MarketBeat.com's FREE daily email newsletter.