Spanish Mountain Gold (CVE:SPA) Shares Up 4.4% - Time to Buy?

Key Points

• Shares of Spanish Mountain Gold rose 4.4% to C$0.24 on Tuesday, but trading volume was just 97,855 shares—an 89% decline from the average session volume of 916,706.
• The company has a market cap of C$117.7 million and a negative P/E (-24), indicating it is loss-making, while balance-sheet metrics show low leverage (debt/equity 0.26) and strong liquidity (quick ratio 3.03; current ratio 5.99).
• Spanish Mountain is an exploration-stage firm that holds a 100% interest in the Spanish Mountain gold project, about 10,414 hectares in the Cariboo region of central British Columbia.

Shares of Spanish Mountain Gold Ltd. (CVE:SPA - ) traded up 4.4% during trading on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.24. 97,855 shares were traded during mid-day trading, a decline of 89% from the average session volume of 916,706 shares. The stock had previously closed at C$0.23.

Spanish Mountain Gold Price Performance

The firm has a market cap of C$117.73 million, a P/E ratio of -24.00 and a beta of 1.47. The firm's fifty day simple moving average is C$0.23 and its 200 day simple moving average is C$0.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

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. The company was formerly known as Skygold Ventures Ltd. and changed its name to Spanish Mountain Gold Ltd.

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