Spanish Mountain Gold (CVE:SPA) Trading Down 14.8% – Here’s Why

by · The Cerbat Gem

Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) traded down 14.8% during trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. 1,669,179 shares changed hands during mid-day 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 raised shares of Spanish Mountain Gold to a “strong-buy” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Spanish Mountain Gold has a consensus rating of “Strong Buy”.

Read Our Latest Analysis on Spanish Mountain Gold

Spanish Mountain Gold Stock Down 14.8%

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 50 day moving average of C$0.15 and a two-hundred day moving average of C$0.16. The firm has a market capitalization of C$112.82 million, a price-to-earnings ratio of -23.00 and a beta of 1.09.

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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