Spanish Mountain Gold (CVE:SPA) Stock Price Down 3.2% – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price traded down 3.2% during trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.15. 156,500 shares changed hands during trading, an increase of 46% from the average session volume of 106,962 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Stock Down 7.4 %

The company has a market cap of C$48.82 million, a P/E ratio of -12.50 and a beta of 1.87. The company’s 50-day moving average is C$0.16 and its two-hundred day moving average is C$0.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03.

Insiders Place Their Bets

In other Spanish Mountain Gold news, Director Lembit Janes purchased 180,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of C$0.17 per share, with a total value of C$29,782.50. 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.