Spanish Mountain Gold (CVE:SPA) Trading Down 14.8% – Time to Sell?

by · The Markets Daily

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s stock price traded down 14.8% on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. 1,513,179 shares traded hands during trading, an increase of 199% from the average session volume of 506,606 shares. The stock had previously closed at C$0.27.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report 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 company has a market cap 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.

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.

Read More