Spanish Mountain Gold (CVE:SPA) Trading Up 26.5% – Time to Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price was up 26.5% on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares changed hands during mid-day trading, an increase of 518% from the average daily volume of 488,409 shares. The stock had previously closed at C$0.17.

Analyst Upgrades and Downgrades

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

Spanish Mountain Gold Trading Up 26.5%

The firm has a market cap of C$105.40 million, a PE ratio of -21.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The business has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.15.

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.