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

Spanish Mountain Gold Ltd. (CVE:SPA) reached 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 Price Performance

The firm has a 50 day moving average of C$0.15 and a 200 day moving average of C$0.17. The firm has a market cap of C$44.91 million, a price-to-earnings ratio of -11.50 and a beta of 1.87. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In related news, Director Lembit Janes bought 180,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of C$0.17 per share, for a total transaction of C$29,782.50. Over the last quarter, insiders have bought 1,361,000 shares of company stock worth $170,100. Corporate 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.