Time to Reconsider SPANISH MOUNTAIN GOLD LTD. COMMON SHARES (OTCMKTS:SPAZF) After More Short Sellers?

July 12, 2018 - By Margaret Downey

Spanish Mountain Gold Ltd. (OTCMKTS:SPAZF) Logo

The stock of SPANISH MOUNTAIN GOLD LTD. COMMON SHARES (OTCMKTS:SPAZF) registered an increase of 287.5% in short interest. SPAZF’s total short interest was 21,700 shares in July as published by FINRA. Its up 287.5% from 5,600 shares, reported previously. With 76,900 shares average volume, it will take short sellers 0 days to cover their SPAZF’s short positions. The short interest to SPANISH MOUNTAIN GOLD LTD. COMMON SHARES’s float is 0.01%.

It closed at $0.08 lastly. It is down 0.00% since July 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company has market cap of $19.56 million. The Company’s flagship property is the Spanish Mountain gold project, which comprises approximately 45 contiguous mineral claims and 6 placer claims covering an area of approximately 7,700 hectares located in the Cariboo region of central British Columbia. It currently has negative earnings. The firm was formerly known as Skygold Ventures Ltd. and changed its name to Spanish Mountain Gold Ltd. in January 2010.

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