Spanish Mountain Gold (CVE:SPA) Reaches New 12-Month Low – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 128000 shares trading hands. The stock had previously closed at C$0.10.

Spanish Mountain Gold Trading Up 5.0 %

The company has a market cap of C$41.01 million, a price-to-earnings ratio of -10.50 and a beta of 1.87. The company’s 50 day moving average price is C$0.11 and its 200 day moving average price is C$0.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

Insiders Place Their Bets

In other news, Director Lembit Janes purchased 912,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of C$0.12 per share, with a total value of C$109,440.00. Insiders have acquired 1,857,500 shares of company stock valued at $209,743 over the last three months. 33.34% of the stock is currently owned by insiders.

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.