Spanish Mountain Gold (CVE:SPA) Reaches New 12-Month Low – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 500 shares changing hands. The stock had previously closed at C$0.10.

Spanish Mountain Gold Stock Down 5.3 %

The firm has a market cap of C$35.15 million, a PE ratio of -9.00 and a beta of 1.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99. The company’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.14.

Insider Transactions at Spanish Mountain Gold

In other Spanish Mountain Gold news, Director Lembit Janes purchased 400,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of C$0.10 per share, with a total value of C$40,000.00. Over the last ninety days, insiders bought 1,857,500 shares of company stock worth $209,743. Company 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.