Spanish Mountain Gold (CVE:SPA) Stock Price Up 13.8% – Here’s Why

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) shot up 13.8% on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. 1,342,706 shares traded hands during mid-day trading, an increase of 186% from the average session volume of 470,079 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

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

Spanish Mountain Gold Price Performance

The company has a market capitalization of C$83.34 million, a price-to-earnings ratio of -17.00 and a beta of 1.09. The business has a 50-day moving average price of C$0.14 and a two-hundred day moving average price of 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.