Providence Gold Mines (CVE:PHD) Reaches New 12-Month High – Still a Buy?

Providence Gold Mines Inc. (CVE:PHDGet Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05, with a volume of 1000 shares. The stock had previously closed at C$0.04.

Providence Gold Mines Price Performance

The company has a fifty day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The firm has a market capitalization of C$1.86 million, a PE 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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