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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded down 14.8% during mid-day trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. 1,513,179 shares were traded during mid-day trading, an increase of 199% from the average session volume of 506,606 shares. The stock had previously closed at C$0.27.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, Spanish Mountain Gold currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Trading Down 14.8%

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 cap of C$112.82 million, a PE ratio of -23.00 and a beta of 1.09. The business has a fifty day moving average price of C$0.15 and a 200 day moving average price of 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.