Spanish Mountain Gold (CVE:SPA) Trading 12.2% Higher – Time to Buy?

by · The Markets Daily

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) shares traded up 12.2% on Wednesday . The stock traded as high as C$0.28 and last traded at C$0.28. 1,372,250 shares changed hands during mid-day trading, an increase of 175% from the average session volume of 498,883 shares. The stock had previously closed at C$0.25.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Spanish Mountain Gold

Spanish Mountain Gold Trading Up 10.2%

The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is C$0.15 and its 200-day moving average is C$0.15. The stock has a market capitalization of C$132.45 million, a PE ratio of -27.00 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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