Spanish Mountain Gold (CVE:SPA) Shares Up 26.5% – Here’s What Happened

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) were 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. Approximately 2,524,312 shares changed hands during trading, an increase of 420% from the average daily volume of 485,314 shares. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

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, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Trading Up 10.2%

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 company has a market capitalization of C$132.45 million, a P/E ratio of -27.00 and a beta of 1.09. The business’s 50-day moving average price is C$0.15 and its two-hundred day moving average price is 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.