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

Spanish Mountain Gold Ltd. (CVE:SPA) traded up 26.5% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares traded hands 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.

Analysts Set New Price Targets

Separately, Atrium Research raised 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, the stock has an average rating of “Strong Buy”.

Spanish Mountain Gold Trading Up 10.2%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The company has a market capitalization of C$132.45 million, a P/E ratio of -27.00 and a beta of 1.09. The company’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.15.

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.