Spanish Mountain Gold (CVE:SPA) Trading Up 10% – Still a Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price shot up 10% during mid-day trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.28. Approximately 2,274,724 shares traded hands during trading, an increase of 174% from the average daily volume of 828,930 shares. The stock had previously closed at C$0.25.

Spanish Mountain Gold Stock Performance

The firm has a market capitalization of C$171.07 million, a P/E ratio of -33.50 and a beta of 1.26. The company’s 50 day moving average is C$0.24 and its 200-day moving average is C$0.21. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

About Spanish Mountain Gold

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. The company was formerly known as Skygold Ventures Ltd. and changed its name to Spanish Mountain Gold Ltd.