Spanish Mountain Gold (CVE:SPA) Trading 8.2% Higher – Time to Buy?

by · The Markets Daily

Shares of Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) were up 8.2% on Wednesday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 1,184,490 shares were traded during trading, an increase of 140% from the average daily volume of 493,824 shares. The stock had previously closed at C$0.25.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on SPA

Spanish Mountain Gold Stock Up 5.2%

The firm has a market capitalization of C$118.71 million, a PE ratio of -24.20 and a beta of 1.28. The firm’s 50 day moving average price is C$0.15 and its two-hundred 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.

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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