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

by · The Cerbat Gem

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

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on SPA

Spanish Mountain Gold Stock Performance

The stock has a market cap of C$112.82 million, a price-to-earnings ratio of -23.00 and a beta of 1.09. The firm’s 50-day moving average is C$0.15 and its two-hundred day moving average is C$0.15. 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.

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