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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Comment by bcflyfisheron Jul 22, 2020 11:40am
146 Views
Post# 31302132

RE:Question re gaps ...

RE:Question re gaps ...It's worth doing some reading on the different types of gaps and what causes them.

Simply put, if you look at Friday's closing price of 0.35 and Monday's open at 0.40, that was a gap in which no trading occurred.  As Monday went on, the price dropped to 0.38, partially filling the gap.  However, there's still a gap.  

Gaps don't need to fill, but they tend to fill.  Traders know this, algos "know" this, and that contributes to that tendency.  They don't always fill and there's virtually no logical reason why they should.  It just tends to happen around 90% of the time.  So for me, I'm much happier when they fill and I don't have to have that in the back of my mind.
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