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

Spanish Mountain Gold Ltd. (CVE:SPA) dropped 14.8% on Thursday . The stock 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.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded 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, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Spanish Mountain Gold Trading Down 14.8%

The firm has a market capitalization of C$112.82 million, a PE ratio of -23.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The company has a fifty day moving average of C$0.15 and a 200-day moving average of C$0.16.

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.