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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded up 7.7% during mid-day trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14. 761,000 shares were traded during mid-day 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 firm has a market cap of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87. The firm’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.13. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

Insider Activity at Spanish Mountain Gold

In other Spanish Mountain Gold news, Director Lembit Janes bought 268,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of C$0.12 per share, with a total value of C$30,877.50. Insiders have purchased a total of 2,684,500 shares of company stock worth $284,173 over the last quarter. 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.