Spanish Mountain Gold (CVE:SPA) Shares Up 26.5% – Here’s What Happened

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) rose 26.5% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 3,018,412 shares traded hands during trading, an increase of 518% from the average daily volume of 488,409 shares. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Spanish Mountain Gold Price Performance

The company has a market capitalization of C$132.45 million, a price-to-earnings ratio of -27.00 and a beta of 1.09. The company has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

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.