Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – Should You Sell?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) dropped 14.8% during trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 1,669,179 shares were traded during mid-day trading, an increase of 229% from the average daily volume of 507,406 shares. The stock had previously closed at C$0.27.

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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Price Performance

The company has a 50 day moving average price of C$0.15 and a 200-day moving average price of C$0.15. The company has a market cap of C$112.82 million, a price-to-earnings ratio of -23.00 and a beta of 1.09. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

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.