Spanish Mountain Gold (CVE:SPA) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.11 and traded as low as C$0.11. Spanish Mountain Gold shares last traded at C$0.11, with a volume of 322,000 shares.

Spanish Mountain Gold Price Performance

The business has a 50 day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.14. The firm has a market capitalization of C$41.01 million, a P/E ratio of -10.50 and a beta of 1.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

Insider Transactions at Spanish Mountain Gold

In related news, Director Lembit Janes bought 268,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$30,877.50. Over the last 90 days, insiders acquired 2,684,500 shares of company stock valued at $284,173. 33.34% of the stock is owned by corporate 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.