Spanish Mountain Gold (CVE:SPA) Stock Price Down 14.8% – Here’s Why

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) dropped 14.8% on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 1,669,179 shares changed hands during mid-day trading, an increase of 229% from the average daily volume of 507,406 shares. The stock had previously closed at C$0.27.

Analyst Ratings Changes

Separately, Atrium Research upgraded shares of Spanish Mountain Gold to a “strong-buy” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Spanish Mountain Gold presently has a consensus rating of “Strong Buy”.

Get Our Latest Stock Report on Spanish Mountain Gold

Spanish Mountain Gold Stock Down 14.8%

The firm has a market capitalization of C$112.82 million, a P/E ratio of -23.00 and a beta of 1.09. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is C$0.15 and its 200 day simple moving average is C$0.15.

Spanish Mountain Gold Company Profile

(Get Free Report)

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.

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