Providence Gold Mines (CVE:PHD) Trading Up 66.7% – Should You Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report)’s share price was up 66.7% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 210,000 shares were traded during trading, an increase of 182% from the average daily volume of 74,556 shares. The stock had previously closed at C$0.03.

Providence Gold Mines Stock Up 66.7 %

The firm has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03. The stock has a market capitalization of C$3.10 million, a price-to-earnings ratio of -5.00 and a beta of 2.53. The company has a current ratio of 0.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.42.

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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