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

Spanish Mountain Gold Ltd. (CVE:SPA) fell 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 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 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 4.3%

The company has a market capitalization of C$117.73 million, a price-to-earnings 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. The business’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.16.

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.