Spanish Mountain Gold (CVE:SPA) Reaches New 1-Year Low – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 128000 shares. The stock had previously closed at C$0.10.

Spanish Mountain Gold Stock Performance

The firm’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.15. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of C$41.01 million, a PE ratio of -10.50 and a beta of 1.87.

Insider Activity at Spanish Mountain Gold

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