Spanish Mountain Gold (CVE:SPA) Stock Price Down 14.8% – Should You Sell?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) were down 14.8% during trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 1,234,819 shares were traded during trading, an increase of 145% from the average daily volume of 504,804 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

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

Spanish Mountain Gold Stock Performance

The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of C$112.82 million, a P/E ratio of -23.00 and a beta of 1.09. The business’s 50 day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.15.

About Spanish Mountain Gold

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.