Spanish Mountain Gold (CVE:SPA) Stock Price Down 12.5% - Here's Why

Key Points

• Spanish Mountain Gold Ltd. shares experienced a significant drop of 12.5% on Thursday, trading as low as C$0.14.
• The company has reported a market cap of C$52.73 million and a debt-to-equity ratio of 0.26, indicating a relatively low level of debt.
• Spanish Mountain Gold is focused on acquiring and developing mineral properties, holding a 100% interest in the Spanish Mountain gold project in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - ) shares traded down 12.5% during trading on Thursday . The stock traded as low as C$0.14 and last traded at C$0.14. 1,032,505 shares changed hands during mid-day trading, an increase of 277% from the average session volume of 273,656 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Stock Down 15.6%

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 firm has a market cap of C$52.73 million, a price-to-earnings ratio of -13.50 and a beta of 1.87. The stock's 50 day moving average is C$0.17 and its 200 day moving average is C$0.14.

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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