Shares of Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) traded down 14.8% on Thursday. The company traded as low as C$0.20 and last traded at C$0.26. Approximately 1,483,462 shares were traded during trading, an increase of 129% from the average daily volume of 647,444 shares. The stock had previously closed at C$0.30.
Spanish Mountain Gold Stock Performance
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 firm’s fifty day moving average price is C$0.35 and its 200-day moving average price is C$0.32. The firm has a market cap of C$137.49 million, a price-to-earnings ratio of -13.00 and a beta of 1.50.
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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