Spanish Mountain Gold (CVE:SPA) Sets New 52-Week Low – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 170100 shares changing hands. The stock had previously closed at C$0.11.

Spanish Mountain Gold Trading Up 4.5 %

The company has a market cap of C$44.91 million, a PE ratio of -11.00 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. The business has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.16.

Insider Buying and Selling at Spanish Mountain Gold

In related news, Director Lembit Janes acquired 180,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of C$0.17 per share, with a total value of C$29,782.50. Insiders have bought a total of 1,361,000 shares of company stock valued at $170,100 over the last quarter. 33.34% of the stock is 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.