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

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

Analysts Set New Price Targets

Separately, Atrium Research upgraded Spanish Mountain Gold to a “strong-buy” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Stock Performance

The company has a market cap of C$117.73 million, a PE 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 stock’s 50-day simple moving average is C$0.16 and its 200 day simple 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.