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

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s share price was down 14.8% during mid-day trading on Friday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 1,669,179 shares were traded during trading, an increase of 229% from the average daily 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 report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Spanish Mountain Gold currently has a consensus rating of “Strong Buy”.

Read Our Latest Research Report on Spanish Mountain Gold

Spanish Mountain Gold Trading Down 14.8%

The company has a market cap of C$112.82 million, a price-to-earnings ratio of -23.00 and a beta of 1.28. 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 simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.16.

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.

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