Spanish Mountain Gold (CVE:SPA) Trading Up 26.5% – Should You Buy?

Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report)’s share price rose 26.5% during trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares were traded during mid-day trading, an increase of 518% from the average daily volume of 488,409 shares. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on Spanish Mountain Gold

Spanish Mountain Gold Trading Up 26.5%

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 business’s 50-day moving average is C$0.15 and its 200 day moving average is C$0.15. The firm has a market capitalization of C$105.47 million, a P/E ratio of -21.50 and a beta of 1.09.

Spanish Mountain Gold Company Profile

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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.

Further Reading

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