Spanish Mountain Gold (CVE:SPA) Trading 26.5% Higher – Time to Buy?

by · The Markets Daily

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s share price shot up 26.5% during trading 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 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.

Analysts Set New Price Targets

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

Read Our Latest Report on SPA

Spanish Mountain Gold Stock Down 11.1%

The firm’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The company has a market cap of C$117.73 million, a P/E ratio of -24.00 and a beta of 1.09.

About Spanish Mountain Gold

(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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