Spanish Mountain Gold (CVE:SPA) Hits New 52-Week High – Time to Buy?

Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28, with a volume of 1572048 shares. The stock had previously closed at C$0.24.

Spanish Mountain Gold Stock Up 14.0%

The firm has a market capitalization of C$131.46 million, a P/E ratio of -26.80 and a beta of 1.47. 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 business’s fifty day moving average price is C$0.23 and its two-hundred day moving average price is C$0.19.

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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