Spanish Mountain Gold (CVE:SPA) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.24 and traded as low as C$0.22. Spanish Mountain Gold shares last traded at C$0.23, with a volume of 647,194 shares traded.

Spanish Mountain Gold Stock Performance

The business’s fifty day moving average price is C$0.24 and its 200-day moving average price is C$0.18. 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 stock has a market cap of C$110.37 million, a PE ratio of -22.50 and a beta of 1.37.

About Spanish Mountain Gold

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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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