Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) dropped 14.8% during mid-day trading on Thursday. The company traded as low as C$0.20 and last traded at C$0.26. 1,483,462 shares were traded during mid-day trading, an increase of 129% from the average session volume of 647,444 shares. The stock had previously closed at C$0.30.
Spanish Mountain Gold Stock Down 14.8%
The stock has a market cap of C$137.49 million, a PE ratio of -13.00 and a beta of 1.50. The business has a 50 day moving average of C$0.35 and a 200-day moving average of C$0.32. The company has a current ratio of 5.99, a quick ratio of 3.03 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.
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