Spanish Mountain Gold (CVE:SPA) Shares Up 14.7% – What’s Next?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) shot up 14.7% on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. 1,377,552 shares changed hands during mid-day trading, an increase of 189% from the average session volume of 477,437 shares. The stock had previously closed at C$0.17.

Analyst Upgrades and Downgrades

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

Spanish Mountain Gold Trading Up 20.6%

The business has a 50 day moving average of C$0.15 and a two-hundred day moving average of C$0.15. The firm has a market capitalization of C$100.49 million, a price-to-earnings ratio of -20.50 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.

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.