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

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price shot up 26.5% during mid-day trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 2,763,812 shares were traded during mid-day trading, an increase of 468% from the average session volume of 486,528 shares. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

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

Spanish Mountain Gold Stock Up 26.5%

The company has a market cap of C$105.40 million, a price-to-earnings ratio of -21.50 and a beta of 1.09. The business has a fifty day moving average of C$0.15 and a two-hundred day moving average of C$0.15. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26.

Spanish Mountain Gold Company Profile

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.