Spanish Mountain Gold (CVE:SPA) Trading Up 26.5% – Still a Buy?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) traded up 26.5% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 3,018,412 shares traded hands during mid-day trading, an increase of 518% from the average session volume of 488,409 shares. The stock had previously closed at C$0.17.

Analyst Ratings Changes

Separately, Atrium Research upgraded 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, According to data from MarketBeat, Spanish Mountain Gold presently has an average rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 26.5%

The company has a market capitalization of C$105.40 million, a price-to-earnings ratio of -21.50 and a beta of 1.09. The business has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.15. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

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.