Spanish Mountain Gold (CVE:SPA) Trading Up 7.7% – What’s Next?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) were up 7.7% during trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 761,000 shares were traded during trading, an increase of 155% from the average daily volume of 298,144 shares. The stock had previously closed at C$0.13.

Spanish Mountain Gold Price Performance

The stock has a market capitalization of C$52.73 million, a PE ratio of -13.50 and a beta of 1.87. The firm’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03.

Insiders Place Their Bets

In other news, Director Lembit Janes bought 827,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of C$0.09 per share, for a total transaction of C$74,430.00. Over the last ninety days, insiders have acquired 2,684,500 shares of company stock valued at $284,173. 33.34% of the stock is currently owned by corporate 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.