Spanish Mountain Gold (CVE:SPA) Reaches New 1-Year High – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$0.37 and last traded at C$0.36, with a volume of 554914 shares traded. The stock had previously closed at C$0.36.

Spanish Mountain Gold Trading Down 5.1%

The firm has a market cap of C$188.95 million, a price-to-earnings ratio of -37.00 and a beta of 1.39. 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 has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.23.

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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