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Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Property includes over six parcels and approximately thirteen 20-acres of mining claims. It consists of over nine claims contiguous to the existing claims for a total of over seven patented and approximately 22 located mining claims, encompassing an area of approximately 324 acres. It owns 50% interest in the Providence Mines Property, which is situated in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Post by 2021Gambleon May 05, 2023 9:09pm
108 Views
Post# 35434203

4.765.210 shares traded on tsxv

4.765.210 shares traded on tsxv
Yup, that's right, that's the volume of PHD that has traded on the tsxv since the 52 week low was hit on 10/18 last fall (I had to cut it off somewhere, and that seemed like a great place given the unusual milestone and subsequent activity)

So, on the tsxv alone (excluding ATS and prrvf), PHD has traded 4.765.210 shares.

That equates to 7.7% of PHD.

I post this because I don't consider than illiquid trading, on a stock where we are waiting on financing and drilling to propel the stock higher - and likely much higher.

On another note, the tracking spreadsheet I put together from the tmx websites daily record ( here if you don't know it exists:   https://money.tmx.com/en/quote/PHD/trade-history ), has BMO buying over 3 million of those 4.7 million shares....

So not only does BMO represent over 63% of all purchases on the tsxv since 10/18, it appears 5% of the company was just accumulated by someone buying through BMO.

I dug into this data a little this week when the insider purchase from Ron was posted on Sedi... and that I would share it you folks...

Of course, this is only top line stuff, but I can tell you, it's really interesting when you also combine it with the short transactions that have occurred at these lows (although the likes of @kozmot will have you believe there are no shorts)....

So....do you know anyone that was away from their trading desk the week of Dec 11th, 2022  the first 2 weeks of January 2023 and for a week after PDAC this year during March break ???

Cheers folks

And to all but the trader(s) playing the stock.... Have yourself a great weekend

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