Spanish Mountain Gold (CVE:SPA) Hits New 52-Week Low – Time to Sell?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.12 and last traded at C$0.12, with a volume of 180002 shares. The stock had previously closed at C$0.12.

Spanish Mountain Gold Stock Performance

The company has a 50-day moving average of C$0.14 and a 200 day moving average of C$0.16. 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 capitalization of C$44.91 million, a PE ratio of -11.50 and a beta of 1.87.

Insider Transactions at Spanish Mountain Gold

In related news, Director Lembit Janes bought 912,000 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$0.12 per share, with a total value of C$109,440.00. In the last three months, insiders bought 1,361,000 shares of company stock worth $170,100. 33.34% of the stock is currently owned by corporate 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.