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

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) fell 14.8% on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. 1,669,179 shares were traded during trading, an increase of 229% from the average session volume of 507,406 shares. The stock had previously closed at C$0.27.

Analyst Ratings Changes

Separately, Atrium Research upgraded shares of 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 data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Get Our Latest Report on SPA

Spanish Mountain Gold Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The company’s 50-day moving average price is C$0.15 and its 200-day moving average price is C$0.15. The company has a market cap of C$112.82 million, a P/E ratio of -23.00 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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