Spanish Mountain Gold (CVE:SPA) Hits New 52-Week Low – Time to Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.12 and last traded at C$0.12, with a volume of 180002 shares trading hands. The stock had previously closed at C$0.12.

Spanish Mountain Gold Stock Performance

The stock has a market capitalization of C$44.91 million, a P/E ratio of -11.50 and a beta of 1.87. The company has a 50 day simple moving average of C$0.14 and a 200-day simple moving average of C$0.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03.

Insider Buying and Selling at Spanish Mountain Gold

In related news, Director Lembit Janes acquired 180,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of C$0.17 per share, for a total transaction of C$29,782.50. Insiders have bought a total of 1,361,000 shares of company stock worth $170,100 over the last ninety days. 33.34% of the stock is currently owned by company 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.