Spanish Mountain Gold (CVE:SPA) Shares Down 5.2% - Time to Sell?

Key Points

• Spanish Mountain Gold Ltd. (CVE:SPA) shares fell 5.2% to C$0.13, with trading volume increasing by 68% over average levels.
• Atrium Research upgraded the stock to a "strong-buy" rating, contributing to a current consensus rating of "Strong Buy" from analysts.
• The company's market cap is C$63.73 million, and it holds a 100% interest in the Spanish Mountain gold project in British Columbia.

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) fell 5.2% on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. 617,434 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 367,330 shares. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised Spanish Mountain Gold to a "strong-buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Spanish Mountain Gold Trading Down 3.7%

The business has a fifty day simple moving average of C$0.15 and a 200 day simple moving average of C$0.15. The stock has a market cap of C$63.73 million, a price-to-earnings ratio of -13.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

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.

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