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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded up 26.5% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares were traded during mid-day trading, an increase of 518% from the average session volume of 488,242 shares. The stock had previously closed at C$0.17.

Analysts Set New Price Targets

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

Spanish Mountain Gold Stock Performance

The stock has a market capitalization of C$132.45 million, a PE ratio of -27.00 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 firm has a 50 day moving average price of C$0.15 and a 200-day moving average price of 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.