Spanish Mountain Gold (CVE:SPA) Sets New 12-Month High – Still a Buy?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.33 and last traded at C$0.32, with a volume of 2052209 shares changing hands. The stock had previously closed at C$0.29.

Spanish Mountain Gold Stock Down 3.0%

The stock has a 50-day moving average of C$0.24 and a 200 day moving average of C$0.21. The company has a market cap of C$165.97 million, a P/E ratio of -32.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03.

About Spanish Mountain Gold

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.