Spanish Mountain Gold (CVE:SPA) Shares Down 15.6% - Here's Why

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.

Spanish Mountain Gold Ltd. (CVE:SPA - ) traded down 15.6% during trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.14. 2,421,334 shares traded hands 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 Stock Performance

The firm's 50 day simple moving average is C$0.17 and its 200 day simple moving average is C$0.14. The firm has a market capitalization of C$51.94 million, a price-to-earnings ratio of -13.30 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

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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