Spanish Mountain Gold (CVE:SPA) Reaches New 12-Month High – Should You Buy?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.28 and last traded at C$0.25, with a volume of 390978 shares trading hands. The stock had previously closed at C$0.26.

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 research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Spanish Mountain Gold Trading Down 2.0%

The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The company has a market cap of C$122.63 million, a PE ratio of -25.00 and a beta of 1.28. The company has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.17.

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. The company was formerly known as Skygold Ventures Ltd. and changed its name to Spanish Mountain Gold Ltd.