Spanish Mountain Gold (CVE:SPA) Sets New 1-Year Low – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA) hit a new 52-week low on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12, with a volume of 117500 shares changing hands. The stock had previously closed at C$0.12.

Spanish Mountain Gold Price Performance

The stock has a market capitalization of C$44.91 million, a price-to-earnings ratio of -11.50 and a beta of 1.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The company has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17.

Insider Transactions at Spanish Mountain Gold

In other Spanish Mountain Gold news, Director Lembit Janes purchased 268,500 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought 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 1,361,000 shares of company stock valued at $170,100. 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.