Spanish Mountain Gold (CVE:SPA) Sets New 12-Month High – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA) shares reached a new 52-week high during trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28, with a volume of 768767 shares trading hands. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

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

Spanish Mountain Gold Price Performance

The company has a market cap of C$132.45 million, a PE ratio of -27.00 and a beta of 1.28. 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 stock’s 50-day moving average is C$0.17 and its 200 day moving average is C$0.16.

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. The company was formerly known as Skygold Ventures Ltd. and changed its name to Spanish Mountain Gold Ltd.