Spanish Mountain Gold (CVE:SPA) Shares Down 16.9% - Should You Sell?

Key Points

• Spanish Mountain Gold Ltd. shares dropped by 16.9%, trading at C$0.13, with a significant increase in trading volume up by 822% compared to its average daily volume.
• The company has a market cap of C$51.94 million and a negative P/E ratio of -13.30, indicating current losses relative to earnings.
• Spanish Mountain Gold is focused on the exploration and development of mineral properties in Canada, particularly the Spanish Mountain gold project covering approximately 10,414 hectares.

Spanish Mountain Gold Ltd. (CVE:SPA - ) dropped 16.9% during mid-day trading on Thursday . 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 Down 16.9%

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

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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