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

Key Points

• Spanish Mountain Gold Ltd. shares fell 15.6% to a trading low of C$0.13 on Thursday, with a significant increase in trading volume reaching 2.4 million shares.
• The company has a market cap of C$51.94 million and reports a PE ratio of -13.30, indicating negative earnings.
• Spanish Mountain Gold is primarily involved in the acquisition and exploration of mineral properties, holding a 100% interest in the Spanish Mountain gold project, which spans approximately 10,414 hectares in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - ) shares fell 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 were traded during 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 company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The stock has a fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.14. The stock has a market cap of C$51.94 million, a PE ratio of -13.30 and a beta of 1.87.

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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