Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – Should You Sell?

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s stock price dropped 14.8% during mid-day trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 1,513,179 shares changed hands during trading, an increase of 199% from the average daily volume of 506,606 shares. The stock had previously closed at C$0.27.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded Spanish Mountain Gold to a “strong-buy” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

View Our Latest Report on Spanish Mountain Gold

Spanish Mountain Gold Stock Performance

The stock’s 50 day moving average price is C$0.16 and its 200 day moving average price is C$0.16. 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 company has a market capitalization of C$117.73 million, a price-to-earnings ratio of -24.00 and a beta of 1.28.

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.

See Also