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

Group 1 - Spanish Mountain Gold has been upgraded to a "strong-buy" rating by Atrium Research, with one analyst also rating it as a Strong Buy, leading to an average rating of "Strong Buy" according to MarketBeat.com [1] - The company's share price increased by 4.3% [1] - Spanish Mountain Gold has a market capitalization of C$117.73 million, 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 company operates in the exploration stage, focusing on the acquisition, exploration, and development of mineral properties in Canada, specifically holding a 100% interest in the Spanish Mountain gold project [3] - The Spanish Mountain gold project consists of approximately 50 contiguous mineral claims and 13 placer claims, covering an area of about 10,414 hectares in the Cariboo region of central British Columbia [3] - The stock's P/E ratio is -24.00, and it has a beta of 1.28, with both the fifty-day and 200-day simple moving averages at C$0.16 [2]