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

Shares of Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.13, with a volume of 165000 shares traded. The stock had previously closed at C$0.13.

Spanish Mountain Gold Trading Up 4.2 %

The company has a market capitalization of C$48.82 million, a price-to-earnings ratio of -12.00 and a beta of 1.87. The business’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

Insider Activity at Spanish Mountain Gold

In related news, Director Lembit Janes bought 180,500 shares of Spanish Mountain Gold stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of C$0.17 per share, with a total value of C$29,782.50. Company insiders own 33.34% of the company’s stock.

Spanish Mountain Gold Company Profile

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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.

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