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

Shares of Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report) fell 14.8% during trading on Friday . The company 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.

Analyst Ratings Changes

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

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Spanish Mountain Gold Price Performance

The stock has a market cap of C$120.18 million, a P/E ratio of -24.50 and a beta of 1.28. 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 50-day moving average price of C$0.15 and a 200-day moving average price of C$0.16.

Spanish Mountain Gold Company Profile

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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.

Further Reading

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