Spanish Mountain Gold (CVE:SPA) Trading Up 17% – Here’s What Happened

Shares of Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report) rose 17% on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.31. Approximately 971,574 shares traded hands during trading, an increase of 7% from the average daily volume of 907,878 shares. The stock had previously closed at C$0.27.

Spanish Mountain Gold Trading Down 5.0%

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 firm has a 50-day moving average of C$0.23 and a 200-day moving average of C$0.19. The firm has a market capitalization of C$139.80 million, a P/E ratio of -28.50 and a beta of 1.47.

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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