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Spanish Mountain Gold (CVE:SPA) Stock Price Down 16.9% - Here's What Happened

Spanish Mountain Gold logo with Basic Materials background

Key Points

  • Spanish Mountain Gold Ltd. shares fell by 16.9%, trading at C$0.13 during mid-day on Thursday, which represents a significant increase in trading volume.
  • The company has a market cap of C$51.94 million and a P/E ratio of -13.30, indicating negative earnings at this time.
  • Spanish Mountain Gold is focused on the exploration and development of mineral properties in Canada, holding a 100% interest in the Spanish Mountain gold project in British Columbia.
  • Looking to Export and Analyze Spanish Mountain Gold Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) dropped 16.9% during trading on Thursday . The company 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 business's 50 day moving average is C$0.17 and its 200-day moving average is C$0.14. The stock has a market cap of C$52.73 million, a price-to-earnings ratio of -13.50 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.

Spanish Mountain Gold Company Profile

(Get Free Report)

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.

See Also

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