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

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low during trading on Monday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 128000 shares. The stock had previously closed at C$0.10.

Spanish Mountain Gold Stock Up 2.0 %

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 stock has a market cap of C$39.06 million, a P/E ratio of -10.00 and a beta of 1.87. The stock’s fifty day moving average price is C$0.11 and its 200 day moving average price is C$0.15.

Insiders Place Their Bets

In other Spanish Mountain Gold news, Director Lembit Janes purchased 268,500 shares of Spanish Mountain Gold stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of C$0.12 per share, for a total transaction of C$30,877.50. Insiders bought a total of 1,857,500 shares of company stock valued at $209,743 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.