Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price traded down 14.8% during trading 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.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded 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, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Performance

The business’s fifty day moving average price is C$0.15 and its 200-day moving average price is C$0.16. The stock has a market cap of C$112.82 million, a PE ratio of -23.00 and a beta of 1.28. 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

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.