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Spanish Mountain Gold (CVE:SPA) Stock Price Down 12.5% - Time to Sell?

Spanish Mountain Gold logo with Basic Materials background

Key Points

  • Spanish Mountain Gold Ltd. shares fell by 12.5% to trade at C$0.14, with a significant increase in trading volume at 2,185,034 shares.
  • The company's stock has a market capitalization of C$51.94 million and a negative PE ratio of -13.30, indicating financial challenges.
  • Spanish Mountain Gold is focused on mineral exploration in Canada, possessing a 100% interest in the Spanish Mountain gold project located in British Columbia.
  • Looking to export and analyze Spanish Mountain Gold data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s stock price traded down 12.5% during trading on Thursday . The stock traded as low as C$0.14 and last traded at C$0.14. 2,185,034 shares changed hands during trading, an increase of 678% from the average session volume of 280,739 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Stock Up 1.5%

The stock has a 50 day moving average price of C$0.17 and a 200 day moving average price of C$0.14. The company has a market cap of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

Spanish Mountain Gold Company Profile

(Get Free Report)

Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. It holds a 100% interest in the Spanish Mountain gold project, which comprises approximately 50 contiguous mineral claims and 13 placer claims covering an area of approximately 10,414 hectares located in the Cariboo region of central British Columbia.

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