Spanish Mountain Gold (CVE:SPA) Shares Cross Below 50 Day Moving Average – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.14 and traded as low as C$0.13. Spanish Mountain Gold shares last traded at C$0.14, with a volume of 536,434 shares changing hands.

Analyst Ratings Changes

Separately, Atrium Research upgraded 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 data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Spanish Mountain Gold Price Performance

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 stock has a market capitalization of C$68.63 million, a P/E ratio of -14.00 and a beta of 1.09. The company has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average 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.