Spanish Mountain Gold (CVE:SPA) Reaches New 1-Year Low – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12, with a volume of 117500 shares. The stock had previously closed at C$0.12.

Spanish Mountain Gold Trading Down 1.7 %

The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of C$46.09 million, a P/E ratio of -12.00 and a beta of 1.87. The company has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17.

Insider Buying and Selling at Spanish Mountain Gold

In other news, Director Lembit Janes purchased 180,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of C$0.17 per share, with a total value of C$29,782.50. 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.