Spanish Mountain Gold (CVE:SPA) Shares Up 26.5% – Should You Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded up 26.5% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares were traded during mid-day trading, an increase of 518% from the average session volume of 488,409 shares. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

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

Spanish Mountain Gold Stock Performance

The firm has a fifty day moving average of C$0.15 and a 200 day moving average of C$0.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The stock has a market capitalization of C$132.45 million, a price-to-earnings ratio of -27.00 and a beta of 1.09.

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.