Spanish Mountain Gold (CVE:SPA) Trading 26.5% Higher – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price traded up 26.5% on Tuesday . The company 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 Analyst Weigh In

Separately, Atrium Research upgraded shares of 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, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 26.5%

The company has a market capitalization of C$105.47 million, a P/E ratio of -21.50 and a beta of 1.09. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of 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.