Spanish Mountain Gold (CVE:SPA) Stock Price Down 14.8% – What’s Next?

by · The Markets Daily

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) traded down 14.8% during mid-day trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. 1,432,979 shares were traded during trading, an increase of 183% from the average session volume of 506,256 shares. The stock had previously closed at C$0.27.

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 investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Get Our Latest Stock Report on SPA

Spanish Mountain Gold Stock Performance

The firm has a market cap of C$112.82 million, a price-to-earnings ratio of -23.00 and a beta of 1.09. The company has a 50 day moving average of C$0.15 and a 200 day moving average of C$0.15. The company has a quick ratio of 3.03, a current ratio of 5.99 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.

Recommended Stories