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

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) traded down 14.8% during mid-day trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. 1,587,679 shares changed hands during trading, an increase of 213% from the average session volume of 506,930 shares. The stock had previously closed at C$0.27.

Analyst Ratings Changes

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

Spanish Mountain Gold Price Performance

The firm’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15. 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 has a market cap of C$112.82 million, a PE ratio of -23.00 and a beta of 1.09.

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.