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

Spanish Mountain Gold logo with Basic Materials background

Key Points

  • Spanish Mountain Gold Ltd. (CVE:SPA) shares experienced a significant drop of 16.9%, trading as low as C$0.13 on Friday.
  • The company reported a market capitalization of C$51.94 million with a notable P/E ratio of -13.30 and a quick ratio of 3.03.
  • Spanish Mountain Gold holds a 100% interest in the Spanish Mountain gold project in British Columbia, covering approximately 10,414 hectares.
  • Need Better Tools to Track Spanish Mountain Gold? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s share price fell 16.9% during mid-day 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 stock has a 50 day moving average of C$0.17 and a 200-day moving average of C$0.14. The firm has a market capitalization of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

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.

Further Reading

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