Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price was down 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 were traded during mid-day trading, an increase of 213% from the average daily volume of 506,930 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

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

Spanish Mountain Gold Trading Up 4.3%

The company has a 50 day moving average of C$0.16 and a two-hundred day moving average of C$0.16. The stock has a market capitalization of C$117.73 million, a PE ratio of -24.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

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.