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

by · The Cerbat Gem

Shares of Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) traded down 14.8% on Friday . 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 Upgrades and Downgrades

Separately, Atrium Research raised shares of 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, According to data from MarketBeat.com, Spanish Mountain Gold currently has a consensus rating of “Strong Buy”.

Read Our Latest Research Report on Spanish Mountain Gold

Spanish Mountain Gold Price Performance

The company has a market capitalization of C$112.82 million, a PE ratio of -23.00 and a beta of 1.28. 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 stock has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of C$0.16.

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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