Spanish Mountain Gold (CVE:SPA) Hits New 12-Month Low – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.13, with a volume of 165000 shares. The stock had previously closed at C$0.13.

Spanish Mountain Gold Stock Performance

The business’s 50-day moving average price is C$0.15 and its 200-day moving average price is C$0.17. The stock has a market cap of C$46.87 million, a PE ratio of -12.00 and a beta of 1.87. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26.

Insider Activity at Spanish Mountain Gold

In related news, Director Lembit Janes acquired 180,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of C$0.17 per share, with a total value of C$29,782.50. 33.34% of the stock is currently owned by 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.