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

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price traded down 14.8% during trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. 1,432,979 shares traded hands during mid-day trading, an increase of 183% from the average session volume of 506,256 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

Separately, Atrium Research upgraded shares of 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, the company presently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Down 14.8%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The stock’s 50 day simple moving average is C$0.15 and its 200 day simple moving average is C$0.15. The firm has a market cap of C$112.82 million, a P/E 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.