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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price fell 14.8% on Friday . The stock traded as low as C$0.23 and last traded at C$0.23. 1,669,179 shares traded hands 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 Analyst Weigh In

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

Spanish Mountain Gold Price Performance

The business’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.16. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The stock has a market cap of C$112.82 million, a P/E ratio of -23.00 and a beta of 1.28.

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.