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

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price was 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 3,018,412 shares were traded during 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 upgraded Spanish Mountain Gold to a “strong-buy” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Spanish Mountain Gold has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Price Performance

The business’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The stock has a market cap of C$105.40 million, a P/E ratio of -21.50 and a beta of 1.09.

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.