Spanish Mountain Gold (CVE:SPA) Hits New 12-Month Low – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA) shares hit a new 52-week low during mid-day 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 Stock Down 7.7 %

The firm has a market capitalization of C$46.87 million, a price-to-earnings ratio of -12.00 and a beta of 1.87. 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 fifty day moving average of C$0.15 and a two-hundred day moving average of C$0.17.

Insider Transactions at Spanish Mountain Gold

In other Spanish Mountain Gold news, Director Lembit Janes bought 180,500 shares of Spanish Mountain Gold stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of C$0.17 per share, for a total transaction of C$29,782.50. 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.