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

Key Points

• Spanish Mountain Gold Ltd. experienced a **16.9% drop** in its stock price, hitting a low of **C$0.13** during mid-day trading on Friday with approximately **2.64 million shares** traded, significantly above its average volume.
• The company's current ratio stands at **5.99** and it has a market capitalization of **C$51.94 million**, making it an exploration-stage resource company focused on mineral properties in Canada.
• Spanish Mountain Gold holds a **100% interest** in the Spanish Mountain gold project, covering about **10,414 hectares** in the Cariboo region of British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) shares traded down 16.9% during trading on Friday . The company traded as low as C$0.13 and last traded at C$0.13. 2,640,225 shares traded hands during mid-day 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 Stock Up 1.5%

The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of C$0.17 and a 200 day moving average price of C$0.14. The stock has a market cap of C$52.73 million, a PE ratio of -13.50 and a beta of 1.87.

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.