Spanish Mountain Gold (CVE:SPA) Stock Price Down 16.9% - Time to Sell?

Key Points

• Shares of Spanish Mountain Gold Ltd. (CVE:SPA) declined by 16.9%, trading at C$0.13, significantly below its previous closing price of C$0.16.
• The trading volume surged to 2,640,225 shares, which is an 822% increase compared to the average session volume of 286,290 shares.
• Spanish Mountain Gold operates a 100% interest in the Spanish Mountain gold project, encompassing approximately 10,414 hectares in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s share price dropped 16.9% during trading on Friday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 2,640,225 shares were traded during trading, an increase of 822% from the average daily volume of 286,290 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Stock Up 1.5%

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

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.