Spanish Mountain Gold (CVE:SPA) Sets New 1-Year High – Still a Buy?

Spanish Mountain Gold Ltd. (CVE:SPA) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$0.28 and last traded at C$0.28, with a volume of 768767 shares traded. The stock had previously closed at C$0.25.

Analysts Set New Price Targets

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

Spanish Mountain Gold Stock Performance

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 fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.16. The stock has a market capitalization of C$137.35 million, a price-to-earnings ratio of -28.00 and a beta of 1.28.

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