Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) shot up 10.5% during mid-day trading on Friday . The company traded as high as C$0.32 and last traded at C$0.32. Approximately 152,975 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 805,034 shares. The stock had previously closed at C$0.28.
Spanish Mountain Gold Price Performance
The company’s fifty day moving average price is C$0.33 and its 200 day moving average price is C$0.27. The company has a market capitalization of C$162.85 million, a P/E ratio of -31.00 and a beta of 1.29. 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.
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