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

by · The Cerbat Gem

Shares of Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) were up 26.5% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares changed hands during mid-day trading, an increase of 518% from the average daily volume of 488,409 shares. The stock had previously closed at C$0.17.

Analyst Ratings Changes

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

Get Our Latest Report on Spanish Mountain Gold

Spanish Mountain Gold Trading Up 10.2%

The business has a 50 day simple moving average of C$0.15 and a 200-day simple moving average of C$0.15. 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 has a market capitalization of C$132.45 million, a price-to-earnings ratio of -27.00 and a beta of 1.09.

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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