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

Key Points

• Spanish Mountain Gold Ltd. shares fell by 16.9% during mid-day trading, reaching a low of C$0.13, with trading volume increasing by 822% compared to its average session.
• The company has a market capitalization of C$51.94 million, with significant financial ratios including a PE ratio of -13.30 and a debt-to-equity ratio of 0.26.
• Spanish Mountain Gold focuses on the acquisition, exploration, and development of mineral properties, notably holding a 100% interest in the Spanish Mountain gold project in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report)'s share price dropped 16.9% during mid-day trading on Friday . The stock 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 Up 1.5%

The firm has a fifty day moving average price of C$0.17 and a 200 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. The company has a market cap of C$52.73 million, a P/E 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.