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

Spanish Mountain Gold logo with Basic Materials background

Key Points

  • Spanish Mountain Gold Ltd. saw its stock price decline by 16.9%, trading as low as C$0.13 with a significant increase in volume at approximately 2.64 million shares exchanged.
  • The company holds a 100% interest in a gold project comprising about 50 mineral claims and 13 placer claims located in British Columbia, covering around 10,414 hectares.
  • Financially, Spanish Mountain Gold has a market capitalization of C$51.94 million, a debt-to-equity ratio of 0.26, and a negative price-to-earnings ratio of -13.30.
  • Looking to Export and Analyze Spanish Mountain Gold Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) shares were down 16.9% during trading on Friday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 2,640,225 shares traded hands during trading, an increase of 822% from the average daily volume of 286,290 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Stock Performance

The company has a market capitalization of C$52.73 million, a price-to-earnings ratio of -13.50 and a beta of 1.87. The stock has a fifty day moving average price of C$0.17 and a two-hundred day moving average price of C$0.14. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

Spanish Mountain Gold Company Profile

(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.

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