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

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

Wall Street Analysts Forecast Growth

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

Spanish Mountain Gold Stock Performance

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 firm’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

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.