Spanish Mountain Gold (CVE:SPA) Sets New 1-Year Low – Should You Sell?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low during trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 55014 shares traded. The stock had previously closed at C$0.11.

Spanish Mountain Gold Price Performance

The business’s 50-day simple moving average is C$0.12 and its 200 day simple moving average is C$0.15. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The company has a market capitalization of C$39.06 million, a P/E ratio of -10.00 and a beta of 1.87.

Insider Buying and Selling

In other news, Director Lembit Janes bought 912,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of C$0.12 per share, with a total value of C$109,440.00. Insiders have bought a total of 1,857,500 shares of company stock valued at $209,743 over the last quarter. Corporate insiders own 33.34% of the company’s stock.

Spanish Mountain Gold Company Profile

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.