Spanish Mountain Gold (CVE:SPA) Shares Up 26.5% – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA) rose 26.5% during trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares changed hands during trading, an increase of 518% from the average daily volume of 488,409 shares. The stock had previously closed at C$0.17.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, Spanish Mountain Gold currently has an average rating of “Strong Buy”.

Spanish Mountain Gold Trading Down 14.8%

The stock has a market capitalization of C$112.82 million, a PE ratio of -23.00 and a beta of 1.09. The stock’s 50 day moving average price is C$0.15 and its 200-day moving average price is C$0.15. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

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.