Spanish Mountain Gold (CVE:SPA) Stock Price Up 26.5% – Time to Buy?

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s stock price was up 26.5% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares changed hands during mid-day trading, an increase of 518% from the average daily volume of 488,409 shares. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded 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, Spanish Mountain Gold presently has a consensus rating of “Strong Buy”.

Read Our Latest Research Report on SPA

Spanish Mountain Gold Price Performance

The firm has a market cap of C$105.40 million, a price-to-earnings ratio of -21.50 and a beta of 1.09. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is C$0.15 and its 200-day moving average price is C$0.15.

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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