Providence Gold Mines Inc

PINK:PRRVF USA Gold
Market Cap
$978.01K
Market Cap Rank
#36463 Global
#11865 in USA
Share Price
$0.02
Change (1 day)
+0.00%
52-Week Range
$0.01 - $0.05
All Time High
$0.17
About

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 was formerly known as Red Hut Metals Inc. and changed its name to Providence Gold Mines Inc. in July 2017. Providence Gold Mines Inc. was incorporated in 2010 and is based in Surrey, Canada.

Providence Gold Mines Inc - Asset Resilience Ratio

Latest as of March 2015: 93.34%

Providence Gold Mines Inc (PRRVF) has an Asset Resilience Ratio of 93.34% as of March 2015. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.

Liquid Assets
$1.00 Million
Cash + Short-term Investments
Total Assets
$1.07 Million
All company assets
Resilience Assessment
Very High
Financial Resilience Level

Asset Resilience Ratio Trend (2014–2014)

This chart shows how Providence Gold Mines Inc's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.

Liquid Assets Composition Over Time

This chart breaks down Providence Gold Mines Inc's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.

Current Liquid Assets Breakdown

Component Amount % of Total Assets
Cash & Equivalents $0.00 0%
Short-term Investments $1.00 Million 93.34%
Total Liquid Assets $1.00 Million 93.34%

Asset Resilience Insights

  • Very High Liquidity: Providence Gold Mines Inc maintains exceptional liquid asset reserves at 93.34% of total assets.
  • This level provides strong protection against economic uncertainties but may indicate potential for more aggressive growth investments.
  • The company has significant short-term investments, indicating active treasury management.

Providence Gold Mines Inc Industry Peers by Asset Resilience Ratio

Compare Providence Gold Mines Inc's asset resilience ratio with other companies in the same industry.

Company Industry Asset Resilience Ratio
McLaren Resources Inc
F:3ML
Gold 0.00%
PC Gold Ltd
AU:PC2
Gold 7.77%
4LE
F:4LE
Gold 0.95%
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
Gold 4.22%
Bahvest Resources Bhd
KLSE:0098
Gold 31.41%
Aruma Resources Ltd
AU:AAJ
Gold 46.02%

Annual Asset Resilience Ratio for Providence Gold Mines Inc (2014–2014)

The table below shows the annual Asset Resilience Ratio data for Providence Gold Mines Inc.

Year Asset Resilience Ratio (%) Liquid Assets Total Assets Change
2014-12-31 95.43% $1.13 Million $1.19 Million --
pp = percentage points