Spanish Mountain Gold (CVE:SPA) Trading Up 12% – Still a Buy?

Spanish Mountain Gold Ltd. (CVE:SPA) was up 12% during mid-day trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 465,944 shares changed hands during trading, an increase of 72% from the average daily volume of 271,209 shares. The stock had previously closed at C$0.13.

Spanish Mountain Gold Trading Up 12.0 %

The company has a fifty day simple moving average of C$0.12 and a 200-day simple moving average of C$0.13. 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 cap of C$54.68 million, a price-to-earnings ratio of -14.00 and a beta of 1.87.

Insiders Place Their Bets

In other Spanish Mountain Gold news, Director Lembit Janes bought 827,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of C$0.09 per share, with a total value of C$74,430.00. Corporate 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.