Spanish Mountain Gold (CVE:SPA) Trading Down 14.8% – Time to Sell?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price dropped 14.8% during mid-day trading on Friday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 1,669,179 shares were traded 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 research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of “Strong Buy”.

Spanish Mountain Gold Trading Down 14.8%

The business has a 50 day moving average of C$0.15 and a two-hundred day moving average of C$0.16. 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 firm has a market capitalization of C$112.82 million, a price-to-earnings ratio of -23.00 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.