Spanish Mountain Gold (CVE:SPA) Trading Down 14.8% – Time to Sell?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) fell 14.8% during mid-day 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.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded shares of 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 MarketBeat, Spanish Mountain Gold presently has an average rating of “Strong Buy”.

Spanish Mountain Gold Stock Performance

The company has a market cap 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 stock’s 50-day moving average price is C$0.16 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.