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

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

Analyst Ratings Changes

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

Spanish Mountain Gold Trading Up 4.3%

The firm has a market capitalization of C$117.73 million, a P/E ratio of -24.00 and a beta of 1.28. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of C$0.16 and a 200-day moving average of 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.