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

Key Points

• Spanish Mountain Gold Ltd. shares fell by 16.9% to C$0.13, with trading volume increasing 822% compared to the average daily volume.
• The company has a market capitalization of C$51.94 million, a PE ratio of -13.30, and a relatively low debt-to-equity ratio of 0.26.
• Spanish Mountain Gold is focused on exploring and developing mineral properties in Canada, holding a 100% interest in the Spanish Mountain gold project, spanning approximately 10,414 hectares.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s stock price dropped 16.9% during mid-day trading on Friday . 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 Price Performance

The business has a fifty day moving average of C$0.17 and a 200-day moving average of C$0.14. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The firm has a market cap of C$48.82 million, a PE ratio of -12.50 and a beta of 1.87.

About Spanish Mountain Gold

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.