Spanish Mountain Gold (CVE:SPA) Reaches New 1-Year High – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.28 and last traded at C$0.25, with a volume of 390978 shares changing hands. The stock had previously closed at C$0.26.

Analyst Ratings Changes

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

Spanish Mountain Gold Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The company has a market capitalization of C$116.75 million, a PE ratio of -23.80 and a beta of 1.28. The company has a 50 day moving average price of C$0.19 and a 200 day moving average price of C$0.17.

Spanish Mountain Gold Company Profile

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. The company was formerly known as Skygold Ventures Ltd. and changed its name to Spanish Mountain Gold Ltd.