Spanish Mountain Gold (CVE:SPA) Shares Pass Below Fifty Day Moving Average - What's Next?

Key Points

• Spanish Mountain Gold Ltd. shares fell below their fifty-day moving average, trading at C$0.13 compared to a fifty-day average of C$0.17.
• The company has a market capitalization of C$50.77 million and shows a price-to-earnings ratio of -13.00, indicating its stock is not currently profitable.
• Spanish Mountain Gold holds a 100% interest in the Spanish Mountain gold project, covering approximately 10,414 hectares in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - ) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.17 and traded as low as C$0.13. Spanish Mountain Gold shares last traded at C$0.13, with a volume of 248,404 shares trading hands.

Spanish Mountain Gold Stock Performance

The stock's fifty day moving average is C$0.17 and its two-hundred day moving average is C$0.14. The firm has a market capitalization of C$50.77 million, a price-to-earnings ratio of -13.00 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

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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