Spanish Mountain Gold (CVE:SPA) Trading 26.5% Higher – Should You Buy?

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) shot up 26.5% on Tuesday . The company traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares were traded during trading, an increase of 518% from the average session volume of 488,409 shares. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

Separately, Atrium Research upgraded Spanish Mountain Gold to a “strong-buy” rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Analysis on SPA

Spanish Mountain Gold Stock Performance

The firm’s fifty day moving average price is C$0.15 and its 200 day moving average price is C$0.15. The stock has a market capitalization of C$122.63 million, a price-to-earnings ratio of -25.00 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.

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.

Further Reading