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flag Providence Gold Mines shares surged 50% to C$0.05 on Friday with no official explanation.

flag Providence Gold Mines (CVE:PHD) shares jumped 50% on Friday, closing at C$0.05 with trading volume reaching 286,500 shares—181% above average—though no official reason for the surge was provided. flag The exploration-stage gold company holds interests in the Providence Mines Property in California, covering about 324 acres across 29 mineral claims. flag With a market cap of C$2.86 million, a debt-to-equity ratio of 0.42, and a beta of 1.92 indicating high volatility, the stock has a negative P/E ratio of -1.13. flag Its 50-day and 200-day moving averages stood at C$0.02 and C$0.03, respectively.

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