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

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) were down 14.8% during mid-day trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 1,349,479 shares changed hands during mid-day trading, an increase of 167% from the average daily volume of 505,978 shares. The stock had previously closed at C$0.27.

Analyst Upgrades and Downgrades

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

Spanish Mountain Gold Price Performance

The company has a market capitalization of C$112.82 million, a PE ratio of -23.00 and a beta of 1.09. 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’s 50-day moving average is C$0.15 and its 200-day moving average is C$0.15.

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.