Spanish Mountain Gold (CVE:SPA) Trading Down 12.5% - Should You Sell?

Key Points

• Spanish Mountain Gold Ltd. shares fell by 12.5% during trading, dropping to C$0.14, with trading volume significantly increasing by 678% from the average.
• The company holds a 100% interest in the Spanish Mountain gold project, covering approximately 10,414 hectares in British Columbia.
• Spanish Mountain Gold has a market capitalization of C$51.94 million and a P/E ratio of -13.30, indicating a challenging financial position.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s share price traded down 12.5% during trading on Thursday . The company traded as low as C$0.14 and last traded at C$0.14. 2,185,034 shares traded hands during mid-day trading, an increase of 678% from the average session volume of 280,739 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Stock Up 1.5%

The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The stock has a market capitalization of C$52.73 million, a PE ratio of -13.50 and a beta of 1.87. The company has a 50 day moving average price of C$0.17 and a 200-day moving average price of 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.