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

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

Wall Street Analysts Forecast Growth

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

Spanish Mountain Gold Trading Up 6.5%

The business has a fifty day moving average price of C$0.15 and a two-hundred day moving average price of C$0.16. 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$120.18 million, a PE ratio of -24.50 and a beta of 1.28.

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.