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

Spanish Mountain Gold Ltd. (CVE:SPA) shares rose 26.5% on Monday . The company 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.

Wall Street Analysts Forecast Growth

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

Spanish Mountain Gold Price Performance

The firm has a 50 day moving average price of C$0.15 and a 200-day moving average price of C$0.15. The firm has a market capitalization of C$132.45 million, a P/E ratio of -27.00 and a beta of 1.09. The company has a current ratio of 5.99, a quick ratio of 3.03 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.