Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – Time to Sell?

by · The Markets Daily

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

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Spanish Mountain Gold

Spanish Mountain Gold Stock Up 4.3%

The company has a market capitalization of C$117.73 million, a PE ratio of -24.00 and a beta of 1.28. The company’s fifty day moving average is C$0.16 and its 200-day moving average is C$0.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

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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