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

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) 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 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.

Analyst Ratings Changes

Separately, Atrium Research upgraded shares of 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, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Trading Up 26.5%

The stock has a fifty day moving average of C$0.15 and a two-hundred day moving average of C$0.15. The company has a market capitalization of C$105.40 million, a PE ratio of -21.50 and a beta of 1.09. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26.

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.