Spanish Mountain Gold (CVE:SPA) Stock Price Down 2.2% – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) shares fell 2.2% during mid-day trading on Tuesday . The company traded as low as C$0.21 and last traded at C$0.22. 1,220,293 shares were traded during mid-day trading, an increase of 67% from the average session volume of 729,592 shares. The stock had previously closed at C$0.23.

Spanish Mountain Gold Stock Down 2.2%

The firm’s fifty day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.17. The company has a market capitalization of C$107.92 million, a price-to-earnings ratio of -22.00 and a beta of 1.72. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26.

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.