Spanish Mountain Gold (CVE:SPA) Sets New 1-Year Low – Here’s What Happened

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 171900 shares. The stock had previously closed at C$0.10.

Spanish Mountain Gold Stock Performance

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’s 50-day moving average is C$0.12 and its two-hundred day moving average is C$0.15. The stock has a market capitalization of C$39.06 million, a P/E ratio of -10.00 and a beta of 1.87.

Insider Activity

In related news, Director Lembit Janes acquired 268,500 shares of Spanish Mountain Gold stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of C$0.12 per share, with a total value of C$30,877.50. Over the last 90 days, insiders have acquired 1,457,500 shares of company stock valued at $169,743. 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.