Spanish Mountain Gold (CVE:SPA) Shares Down 16.9% - Here's Why

Key Points

• Spanish Mountain Gold Ltd. shares fell 16.9% on Thursday, trading as low as C$0.13 compared to the previous close of C$0.16.
• Trading volume surged to 2,640,225 shares, marking an 822% increase from the average session volume.
• The company holds a 100% interest in the Spanish Mountain gold project, which encompasses approximately 10,414 hectares in British Columbia.

Shares of Spanish Mountain Gold Ltd. (CVE:SPA - ) fell 16.9% on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. 2,640,225 shares traded hands during mid-day trading, an increase of 822% from the average session volume of 286,290 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Price Performance

The stock has a 50 day moving average of C$0.17 and a two-hundred day moving average of C$0.14. 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 firm has a market capitalization of C$51.94 million, a P/E 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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