Spanish Mountain Gold (CVE:SPA) Trading Down 13.6%

Spanish Mountain Gold Ltd (CVE:SPA) dropped 13.6% during mid-day trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10, approximately 277,868 shares were traded during mid-day trading. An increase of 138% from the average daily volume of 116,787 shares. The stock had previously closed at C$0.11.

The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.41 and a current ratio of 2.47. The company has a market capitalization of $23.86 million and a P/E ratio of -50.00. The business’s fifty day simple moving average is C$0.10 and its 200-day simple moving average is C$0.09.

About Spanish Mountain Gold (CVE:SPA)

Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. Its flagship property is the Spanish Mountain gold project, which comprises approximately 45 contiguous mineral claims and 6 placer claims covering an area of approximately 7,700 hectares located in the Cariboo region of central British Columbia.

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