Spanish Mountain Gold (CVE:SPA) Hits New 1-Year High – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.36, with a volume of 554914 shares. The stock had previously closed at C$0.36.

Spanish Mountain Gold Trading Up 6.9%

The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of C$0.27 and a 200-day moving average price of C$0.23. The firm has a market capitalization of C$196.61 million, a PE ratio of -38.50 and a beta of 1.39.

Spanish Mountain Gold Company Profile

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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.

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