Spanish Mountain Gold (CVE:SPA) Rating Increased to Strong-Buy at Atrium Research

Key Points

• Atrium Research has upgraded Spanish Mountain Gold (CVE:SPA) to a "strong-buy" rating, indicating strong confidence in the company's prospects.
• The stock opened at C$0.14 and has experienced a 1-year trading range between C$0.09 and C$0.21.
• Spanish Mountain Gold holds a 100% interest in the Spanish Mountain gold project, covering an area of approximately 10,414 hectares in British Columbia.

Spanish Mountain Gold (CVE:SPA - Get Free Report) was upgraded by equities researchers at Atrium Research to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Spanish Mountain Gold Price Performance

Shares of Spanish Mountain Gold stock traded down C$0.01 on Wednesday, hitting C$0.14. 860,016 shares of the company traded hands, compared to its average volume of 386,523. The business has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.15. Spanish Mountain Gold has a 52 week low of C$0.09 and a 52 week high of C$0.21. 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 has a market capitalization of C$68.63 million, a P/E ratio of -14.00 and a beta of 0.70.

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.