Free Trial

Spanish Mountain Gold (CVE:SPA) Stock Price Down 16.9% - Time to Sell?

Spanish Mountain Gold logo with Basic Materials background

Key Points

  • Spanish Mountain Gold Ltd. experienced a significant stock price decline of 16.9% in a single trading day, dropping to C$0.13 from its previous close of C$0.16.
  • The trading volume surged to 2,640,225 shares, an 822% increase compared to the average session volume.
  • The company holds a 100% interest in the Spanish Mountain gold project, located in the Cariboo region of British Columbia.
  • Need better tools to track Spanish Mountain Gold? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s share price traded down 16.9% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. 2,640,225 shares were traded 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 Trading Up 1.5%

The firm has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The firm has a market cap of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87.

About Spanish Mountain Gold

(Get Free Report)

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.

See Also

Should You Invest $1,000 in Spanish Mountain Gold Right Now?

Before you consider Spanish Mountain Gold, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spanish Mountain Gold wasn't on the list.

While Spanish Mountain Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid
NVIDIA Earnings: All Signs Point to More Growth Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines