Spanish Mountain Gold (CVE:SPA) Trading Up 14.7% – Still a Buy?

Spanish Mountain Gold Ltd. (CVE:SPA) shares rose 14.7% on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. Approximately 1,377,552 shares traded hands during mid-day trading, an increase of 189% from the average daily volume of 477,437 shares. The stock had previously closed at C$0.17.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised shares of Spanish Mountain Gold to a “strong-buy” rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Spanish Mountain Gold presently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Trading Up 8.2%

The firm has a market capitalization of C$129.99 million, a price-to-earnings ratio of -26.50 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 business’s fifty day moving average is C$0.15 and its 200 day moving average 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.