Spanish Mountain Gold (CVE:SPA) Trading 10% Higher - What's Next?

Key Points

• 10% gain: CVE:SPA jumped 10% to C$0.28 (intraday high C$0.29) on Tuesday with volume of 2,274,724 shares, a 174% increase versus the average session volume.
• Balance-sheet snapshot: market capitalization is C$153.2 million with a negative P/E of -30, strong liquidity (current ratio 5.99, quick ratio 3.03) and low leverage (debt-to-equity 0.26), while the 50-day and 200-day SMAs are C$0.24 and C$0.21 respectively.
• Company profile: Spanish Mountain Gold is an exploration-stage miner holding a 100% interest in the Spanish Mountain gold project, about 10,414 hectares of contiguous claims in the Cariboo region of central British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - ) traded up 10% during trading on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.28. 2,274,724 shares were traded during mid-day trading, an increase of 174% from the average session volume of 828,930 shares. The stock had previously closed at C$0.25.

Spanish Mountain Gold Stock Up 20.0%

The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of C$153.20 million, a P/E ratio of -30.00 and a beta of 1.26. The company's fifty day simple moving average is C$0.24 and its 200 day simple moving average is C$0.21.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.