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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded up 26.5% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares traded 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.

Analyst Ratings Changes

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

Spanish Mountain Gold Trading Up 10.2%

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 stock has a fifty day moving average of C$0.15 and a 200 day moving average of C$0.15. The company has a market capitalization of C$132.45 million, a P/E ratio of -27.00 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.