Spanish Mountain Gold (CVE:SPA) Shares Down 16.9% - What's Next?

Key Points

• Spanish Mountain Gold Ltd. shares experienced a significant decline of 16.9% during mid-day trading, dropping to C$0.13.
• Trading volume surged to 2,640,225 shares, representing an increase of 822% compared to the average session volume.
• The company holds a 100% interest in the Spanish Mountain gold project, consisting of approximately 10,414 hectares in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - ) fell 16.9% during mid-day trading 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 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 Stock Performance

The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of C$0.17 and a 200-day moving average of C$0.14. The stock has a market cap of C$51.94 million, a PE 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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