Spanish Mountain Gold (CVE:SPA) Stock Price Down 14.8% – Here’s What Happened

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report)’s share price fell 14.8% during mid-day trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. 1,432,979 shares changed hands during mid-day trading, an increase of 183% from the average session volume of 506,256 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

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

View Our Latest Report on SPA

Spanish Mountain Gold Stock Up 4.3%

The business’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.16. 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 firm has a market capitalization of C$117.73 million, a PE ratio of -24.00 and a beta of 1.28.

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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