Spanish Mountain Gold (CVE:SPA) Shares Up 26.5% – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA) traded up 26.5% on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares changed hands during 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 raised shares of Spanish Mountain Gold to a “strong-buy” rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Spanish Mountain Gold has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 26.5%

The firm has a market capitalization of C$105.40 million, a PE ratio of -21.50 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’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15.

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.