Spanish Mountain Gold (CVE:SPA) Stock Price Up 26.5% – Still a Buy?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) traded up 26.5% during mid-day trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares were traded 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.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised Spanish Mountain Gold to a “strong-buy” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Spanish Mountain Gold Stock Performance

The firm has a market cap of C$105.47 million, a price-to-earnings ratio of -21.50 and a beta of 1.09. The stock has a 50-day moving average of C$0.15 and a 200-day moving average of C$0.15. 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.