Spanish Mountain Gold (CVE:SPA) Trading Up 13.8% – Still a Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded up 13.8% during trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. 1,865,751 shares were traded during mid-day trading, an increase of 295% from the average session volume of 472,836 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised 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 MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Spanish Mountain Gold Stock Performance

The company has a 50-day moving average of C$0.14 and a 200-day moving average of 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 firm has a market capitalization of C$82.36 million, a P/E ratio of -16.80 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.