Spanish Mountain Gold (CVE:SPA) Stock Price Down 2.8% - Time to Sell?

Key Points

• Spanish Mountain Gold Ltd. (CVE:SPA) stock fell 2.8%, trading at C$0.18, with a significant drop in trading volume by 87% compared to the average session.
• The company has a market capitalization of C$68.35 million, a negative price-to-earnings ratio of -17.50, and solid liquidity ratios with a current ratio of 5.99.
• Spanish Mountain Gold is primarily focused on exploration in Canada, holding a 100% interest in the Spanish Mountain gold project, which spans over 10,414 hectares in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - ) fell 2.8% during trading on Monday . The company traded as low as C$0.18 and last traded at C$0.18. 36,300 shares changed hands during trading, a decline of 87% from the average session volume of 275,904 shares. The stock had previously closed at C$0.18.

Spanish Mountain Gold Stock Down 2.8%

The firm has a market cap of C$68.35 million, a price-to-earnings ratio of -17.50 and a beta of 1.87. The business's 50 day moving average price is C$0.17 and its 200 day moving average price is 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.

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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