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

Spanish Mountain Gold Ltd. (CVE:SPA) shares were up 26.5% on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares traded hands during mid-day trading, an increase of 518% from the average daily volume of 488,242 shares. The stock had previously closed at C$0.17.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded shares of Spanish Mountain Gold to a “strong-buy” rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 26.5%

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 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’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.