Spanish Mountain Gold (CVE:SPA) Sets New 52-Week High – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$0.33 and last traded at C$0.32, with a volume of 2052209 shares changing hands. The stock had previously closed at C$0.29.

Spanish Mountain Gold Trading Up 12.1%

The stock has a market cap of C$165.97 million, a P/E ratio of -32.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The firm’s fifty day simple moving average is C$0.24 and its 200-day simple moving average is C$0.21.

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.