Spanish Mountain Gold (CVE:SPA) Sets New 12-Month Low – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price hit a new 52-week low on Monday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 180002 shares changing hands. The stock had previously closed at C$0.12.

Spanish Mountain Gold Price Performance

The stock has a fifty day moving average of C$0.14 and a 200-day moving average of C$0.16. The firm has a market capitalization of C$44.91 million, a P/E ratio of -11.50 and a beta of 1.87. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In other news, Director Lembit Janes bought 268,500 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of C$0.12 per share, with a total value of C$30,877.50. Over the last three months, insiders purchased 1,361,000 shares of company stock valued at $170,100. 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.