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

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price shot up 26.5% 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 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 report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Trading Up 26.5%

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 company has a market capitalization of C$105.40 million, a PE ratio of -21.50 and a beta of 1.09. The stock’s fifty day moving average price is C$0.15 and its two-hundred day moving average price 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.