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Atrium Research Upgrades Spanish Mountain Gold (CVE:SPA) to "Strong-Buy"

Spanish Mountain Gold logo with Basic Materials background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

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

Spanish Mountain Gold Stock Performance

Shares of Spanish Mountain Gold stock opened at C$0.14 on Wednesday. Spanish Mountain Gold has a 1 year low of C$0.09 and a 1 year high of C$0.21. The firm has a market cap of C$66.18 million, a PE ratio of -13.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The company has a 50 day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.15.

About Spanish Mountain Gold

(Get Free Report)

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.

Further Reading

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