Spanish Mountain Gold (CVE:SPA) Shares Cross Below 50-Day Moving Average – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.12 and traded as low as C$0.12. Spanish Mountain Gold shares last traded at C$0.12, with a volume of 189,416 shares traded.

Spanish Mountain Gold Trading Down 4.0 %

The business’s 50-day simple moving average is C$0.12 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 firm has a market capitalization of C$46.87 million, a price-to-earnings ratio of -12.00 and a beta of 1.87.

Insider Buying and Selling at Spanish Mountain Gold

In related news, Director Lembit Janes purchased 423,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of C$0.14 per share, for a total transaction of C$59,220.00. 33.34% of the stock is currently owned by 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.