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

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

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded shares of Spanish Mountain Gold to a “strong-buy” rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Trading Down 14.8%

The firm has a fifty day moving average of C$0.15 and a two-hundred day moving average of C$0.16. The company has a market cap of C$112.82 million, a PE ratio of -23.00 and a beta of 1.28. The company has a current ratio of 5.99, a quick ratio of 3.03 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.