Spanish Mountain Gold (CVE:SPA) Hits New 12-Month Low – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 171900 shares traded. The stock had previously closed at C$0.10.

Spanish Mountain Gold Trading Up 5.3 %

The company’s 50 day moving average price is C$0.12 and its two-hundred day moving average price is C$0.15. The firm has a market cap of C$39.06 million, a PE ratio of -10.00 and a beta of 1.87. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

Insider Transactions at Spanish Mountain Gold

In related news, Director Lembit Janes purchased 268,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of C$0.12 per share, for a total transaction of C$30,877.50. Over the last three months, insiders have acquired 1,857,500 shares of company stock worth $209,743. 33.34% of the stock is currently owned by company insiders.

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.