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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded 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 changed hands during mid-day 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 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, Based on data from MarketBeat.com, Spanish Mountain Gold currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock 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 quick ratio of 3.03 and a current ratio of 5.99. The firm’s 50-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.