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Spanish Mountain Gold (CVE:SPA) Shares Down 15.6% - Time to Sell?

Spanish Mountain Gold logo with Basic Materials background

Key Points

  • Spanish Mountain Gold Ltd. shares dropped by 15.6%, trading as low as C$0.13 during Thursday's session.
  • The company saw an unusual trading volume of 2,421,334 shares, a 750% increase from its average session volume.
  • Spanish Mountain Gold holds a 100% interest in the Spanish Mountain gold project, covering approximately 10,414 hectares in British Columbia.
  • Want stock alerts on Spanish Mountain Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s stock price traded down 15.6% on Thursday . The stock traded as low as C$0.13 and last traded at C$0.14. 2,421,334 shares were traded during mid-day trading, an increase of 750% from the average session volume of 284,840 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Trading Up 1.5%

The stock has a market cap of C$52.73 million, a PE ratio of -13.50 and a beta of 1.87. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.14.

About Spanish Mountain Gold

(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.

See Also

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