Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s stock price rose 17.9% during mid-day trading on Wednesday. The stock traded as high as C$0.23 and last traded at C$0.23. 894,053 shares changed hands during trading, an increase of 35% from the average daily volume of 663,721 shares. The stock had previously closed at C$0.20.
Spanish Mountain Gold Trading Up 17.9%
The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.29. The company has a market cap of C$121.55 million, a price-to-earnings ratio of -11.50 and a beta of 1.51.
Spanish Mountain Gold Company Profile
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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