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Spanish Mountain Gold (CVE:SPA) Shares Up 12.5% - Should You Buy?

Spanish Mountain Gold logo with Basic Materials background

Key Points

  • Spanish Mountain Gold Ltd. (CVE:SPA) experienced a significant stock increase of 12.5%, rising from C$0.12 to C$0.14 in midday trading on Wednesday.
  • The company has a market capitalization of C$65.89 million and a debt-to-equity ratio of 0.26, indicating a relatively low debt level.
  • Spanish Mountain Gold focuses on the exploration and development of mineral properties in Canada, particularly holding a 100% interest in a gold project in British Columbia covering over 10,414 hectares.
  • Five stocks we like better than Spanish Mountain Gold.

Shares of Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) were up 12.5% during mid-day trading on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 4,253,065 shares were traded during trading, an increase of 1,182% from the average daily volume of 331,793 shares. The stock had previously closed at C$0.12.

Spanish Mountain Gold Stock Performance

The company has a market capitalization of C$63.73 million, a PE ratio of -13.00 and a beta of 0.70. The company's fifty day moving average is C$0.16 and its 200-day moving average is C$0.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03.

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

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