Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – What’s Next?

Group 1 - Spanish Mountain Gold has been upgraded to a "strong-buy" rating by Atrium Research, with an average rating of "Strong Buy" according to MarketBeat [1] - The company has a market capitalization of C$117.73 million, a P/E ratio of -24.00, and a beta of 1.28 [2][3] - Spanish Mountain Gold has a debt-to-equity ratio of 0.26, a quick ratio of 3.03, and a current ratio of 5.99 [2][3] Group 2 - The firm has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.16 [2] - During mid-day trading, shares of Spanish Mountain Gold decreased by 14.8%, trading as low as C$0.23, with a trading volume increase of 229% from the average session volume [5] - The company holds a 100% interest in the Spanish Mountain gold project, which includes approximately 50 contiguous mineral claims and 13 placer claims covering around 10,414 hectares in British Columbia [3]