Spanish Mountain Gold (CVE:SPA) Sets New 12-Month Low – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12, with a volume of 117500 shares. The stock had previously closed at C$0.12.

Spanish Mountain Gold Stock Performance

The stock’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The stock has a market capitalization of C$46.09 million, a P/E ratio of -12.00 and a beta of 1.87.

Insider Buying and Selling

In related news, Director Lembit Janes bought 912,000 shares of Spanish Mountain Gold stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of C$0.12 per share, with a total value of C$109,440.00. 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.