Shares of Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) dropped 16.9% on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 2,640,225 shares changed hands during mid-day 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 Performance
The firm has a market capitalization of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87. 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 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
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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.
Further Reading
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