Spanish Mountain Gold (CVE:SPA) Hits New 1-Year Low – Time to Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 171900 shares trading hands. The stock had previously closed at C$0.10.

Spanish Mountain Gold Stock Up 5.3 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The stock has a market cap of C$39.06 million, a PE ratio of -10.00 and a beta of 1.87. The company’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.15.

Insiders Place Their Bets

In related news, Director Lembit Janes purchased 400,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$0.10 per share, with a total value of C$40,000.00. Over the last ninety days, insiders have acquired 1,857,500 shares of company stock worth $209,743. 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.