Spanish Mountain Gold (CVE:SPA) Stock Price Down 14.8% – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price was down 14.8% during trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 1,669,179 shares traded hands during trading, an increase of 229% from the average daily volume of 507,406 shares. The stock had previously closed at C$0.27.

Analysts Set New Price Targets

Separately, Atrium Research raised shares of Spanish Mountain Gold to a “strong-buy” rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Price Performance

The stock has a market cap of C$112.82 million, a price-to-earnings ratio of -23.00 and a beta of 1.09. 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’s 50 day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.15.

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.