Spanish Mountain Gold (CVE:SPA) Trading 26.5% Higher – Time to Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price shot 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 mid-day 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 upgraded shares of Spanish Mountain Gold to a “strong-buy” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Price Performance

The stock has a market cap of C$105.40 million, a P/E ratio of -21.50 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. 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.