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

Spanish Mountain Gold Ltd. (CVE:SPA) shares 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 changed 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.

Analysts Set New Price Targets

Separately, Atrium Research raised 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.com, Spanish Mountain Gold 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 current ratio of 5.99 and a quick ratio of 3.03. The firm has a market capitalization of C$112.82 million, a P/E ratio of -23.00 and a beta of 1.28. The firm’s fifty day moving average price is C$0.15 and its 200-day moving average price is C$0.16.

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.