Spanish Mountain Gold (CVE:SPA) Reaches New 52-Week Low – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low on Monday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 102400 shares. The stock had previously closed at C$0.10.

Spanish Mountain Gold Stock Performance

The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The company has a market cap of C$37.10 million, a P/E ratio of -9.50 and a beta of 1.87. The company has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.15.

Insider Buying and Selling at Spanish Mountain Gold

In related news, Director Lembit Janes bought 912,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were purchased at an average price of C$0.12 per share, with a total value of C$109,440.00. Insiders have acquired a total of 1,457,500 shares of company stock worth $169,743 over the last 90 days. Insiders own 33.34% of the company’s stock.

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.