Spanish Mountain Gold (CVE:SPA) Stock Price Up 7.7% – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA) shares rose 7.7% during mid-day trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 761,000 shares traded hands 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 business has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.13. The firm has a market cap of C$52.73 million, a PE ratio of -13.50 and a beta of 1.87. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In related news, Director Lembit Janes acquired 268,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 have purchased 2,684,500 shares of company stock valued at $284,173. Corporate 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.