Spanish Mountain Gold (CVE:SPA) Trading Up 26.5% – Still a Buy?

by · The Cerbat Gem

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

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Check Out Our Latest Stock Analysis on SPA

Spanish Mountain Gold Price Performance

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 stock’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15. The firm has a market capitalization of C$105.40 million, a price-to-earnings ratio of -21.50 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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