Spanish Mountain Gold (CVE:SPA) Shares Up 4.4% – Time to Buy?

Spanish Mountain Gold Ltd. (CVE:SPA) shares were up 4.4% during mid-day trading on Tuesday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 97,855 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 916,706 shares. The stock had previously closed at C$0.23.

Spanish Mountain Gold Price Performance

The firm has a market cap of C$117.73 million, a P/E ratio of -24.00 and a beta of 1.47. 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 stock’s 50-day simple moving average is C$0.23 and its two-hundred day simple moving average is C$0.20.

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.