Spanish Mountain Gold (CVE:SPA) Shares Up 14.7% – Time to Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded up 14.7% during trading on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. 1,377,552 shares traded hands during mid-day trading, an increase of 189% from the average session volume of 477,437 shares. The stock had previously closed at C$0.17.

Analyst Upgrades and Downgrades

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

Spanish Mountain Gold Stock Performance

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 company has a market cap of C$102.94 million, a P/E ratio of -21.00 and a beta of 1.09. The company has a 50 day moving average price of C$0.15 and a 200-day moving average price of C$0.15.

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.