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

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s share price traded down 14.8% during trading on Friday . The company traded as low as C$0.23 and last traded at C$0.23. 1,669,179 shares traded hands during trading, an increase of 229% from the average session volume of 507,406 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on SPA

Spanish Mountain Gold Stock Performance

The firm has a market capitalization of C$120.18 million, a price-to-earnings ratio of -24.50 and a beta of 1.28. The firm has a 50 day moving average price of C$0.15 and a 200-day moving average price of C$0.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03.

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.

Further Reading