Spanish Mountain Gold (CVE:SPA) Shares Up 10.5% – Time to Buy?

Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report) shot up 10.5% on Friday . The stock traded as high as C$0.32 and last traded at C$0.32. Approximately 152,975 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 805,034 shares. The stock had previously closed at C$0.28.

Spanish Mountain Gold Stock Performance

The stock has a 50-day simple moving average of C$0.32 and a 200 day simple moving average of C$0.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The company has a market capitalization of C$165.48 million, a PE ratio of -31.50 and a beta of 1.29.

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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