Spanish Mountain Gold (CVE:SPA) Hits New 12-Month Low – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 102400 shares. The stock had previously closed at C$0.10.

Spanish Mountain Gold Price Performance

The stock has a market capitalization of C$39.06 million, a price-to-earnings ratio of -10.00 and a beta of 1.87. The stock has a 50-day moving average price of C$0.13 and a 200 day moving average price of C$0.16. 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 bought 268,500 shares of the company’s stock in a transaction dated 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 purchased 1,457,500 shares of company stock valued at $169,743. Company 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.