Spanish Mountain Gold (CVE:SPA) Shares Up 26.5% – Should You Buy?

Spanish Mountain Gold Ltd. (CVE:SPA) shares were up 26.5% during trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares traded 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.

Wall Street Analyst Weigh In

Separately, Atrium Research raised 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 MarketBeat.com, Spanish Mountain Gold has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Down 14.8%

The company’s 50-day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.15. The firm has a market capitalization of C$112.82 million, a P/E ratio of -23.00 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.

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.