Spanish Mountain Gold (CVE:SPA) Trading Up 16.3% – Still a Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price shot up 16.3% during mid-day trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25. 1,211,185 shares traded hands during trading, an increase of 147% from the average session volume of 490,308 shares. The stock had previously closed at C$0.22.

Analyst Ratings Changes

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

Spanish Mountain Gold Trading Up 14.0%

The business’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The stock has a market capitalization of C$120.18 million, a P/E ratio of -24.50 and a beta of 1.09.

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.