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

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) dropped 14.8% on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 1,587,679 shares changed hands during trading, an increase of 213% from the average daily 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 research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Spanish Mountain Gold currently has an average rating of “Strong Buy”.

Spanish Mountain Gold Price Performance

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

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.