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

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) traded down 14.8% 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 trading, an increase of 229% from the average session volume of 507,406 shares. The stock had previously closed at C$0.27.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded 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 MarketBeat, the company has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 4.3%

The business’s fifty day moving average is C$0.16 and its two-hundred day moving average is C$0.16. The stock has a market cap of C$117.73 million, a price-to-earnings 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.

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.