Providence Gold Mines (CVE:PHD) Trading Down 10% – Here’s What Happened

Providence Gold Mines Inc. (CVE:PHDGet Free Report) shares traded down 10% during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. 121,024 shares were traded during mid-day trading, an increase of 94% from the average session volume of 62,538 shares. The stock had previously closed at C$0.05.

Providence Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.03. The company has a market capitalization of C$3.19 million, a PE ratio of -1.13 and a beta of 1.25. The company has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.06.

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. The company was formerly known as Red Hut Metals Inc and changed its name to Providence Gold Mines Inc in July 2017.

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