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

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 changed hands during trading, an increase of 518% from the average daily 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 report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 26.5%

The business has a 50-day simple moving average of C$0.15 and a 200-day simple 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. The company has a market cap of C$105.40 million, a price-to-earnings ratio of -21.50 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.