Spanish Mountain Gold (CVE:SPA) Trading Up 7.7% – Still a Buy?

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

Spanish Mountain Gold Stock Performance

The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The firm has a market cap of C$52.73 million, a PE ratio of -13.50 and a beta of 1.87. The business has a 50 day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.13.

Insider Activity

In related news, Director Lembit Janes bought 912,000 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average price of C$0.12 per share, for a total transaction of C$109,440.00. Over the last 90 days, insiders have bought 2,684,500 shares of company stock worth $284,173. Company 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.