Spanish Mountain Gold (CVE:SPA) Stock Price Up 7.7% – Should You Buy?

Spanish Mountain Gold Ltd. (CVE:SPA) shares were up 7.7% on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 761,000 shares traded hands during mid-day 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 Trading Up 3.8 %

The company’s 50 day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.13. 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 company has a market capitalization of C$52.73 million, a price-to-earnings ratio of -13.50 and a beta of 1.87.

Insider Activity

In related news, Director Lembit Janes purchased 268,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of C$0.12 per share, with a total value of C$30,877.50. In the last quarter, insiders acquired 2,684,500 shares of company stock worth $284,173. 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.