Spanish Mountain Gold (CVE:SPA) Shares Up 7.7% – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA) 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 changed hands during 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 Trading Down 6.9 %

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 stock’s 50 day moving average price is C$0.11 and its 200-day moving average price is C$0.13. The stock has a market capitalization of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87.

Insider Activity at Spanish Mountain Gold

In other news, Director Lembit Janes acquired 827,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average cost of C$0.09 per share, with a total value of C$74,430.00. Insiders bought 2,684,500 shares of company stock valued at $284,173 over the last 90 days. Insiders own 33.34% of the company’s stock.

About Spanish Mountain Gold

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.