Spanish Mountain Gold (CVE:SPA) Hits New 12-Month Low – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPAGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock 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 business has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.15. The company has a market cap of C$39.06 million, a PE ratio of -10.00 and a beta of 1.87. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26.

Insider Activity

In related news, Director Lembit Janes purchased 912,000 shares of Spanish Mountain Gold stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$0.12 per share, for a total transaction of C$109,440.00. Over the last three months, insiders have acquired 1,857,500 shares of company stock valued at $209,743. Company insiders own 33.34% of the company’s stock.

About Spanish Mountain Gold

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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.

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