Spanish Mountain Gold (CVE:SPA) Shares Up 7.7% – Should You Buy?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price was up 7.7% on Wednesday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 761,000 shares traded hands during mid-day trading, an increase of 155% from the average daily volume of 298,144 shares. The stock had previously closed at C$0.13.

Spanish Mountain Gold Price Performance

The stock has a fifty day simple moving average of C$0.11 and a 200-day simple moving average of C$0.13. The company has a market capitalization of C$52.73 million, a PE ratio of -13.50 and a beta of 1.87. 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 other news, Director Lembit Janes acquired 827,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of C$0.09 per share, with a total value of C$74,430.00. Insiders acquired a total of 2,684,500 shares of company stock worth $284,173 over the last 90 days. 33.34% of the stock is owned by insiders.

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.