Spanish Mountain Gold (CVE:SPA) Stock Crosses Above 50 Day Moving Average – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.11 and traded as high as C$0.14. Spanish Mountain Gold shares last traded at C$0.12, with a volume of 131,050 shares traded.

Spanish Mountain Gold Stock Down 11.1 %

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 firm has a market capitalization of C$46.87 million, a P/E ratio of -12.00 and a beta of 1.87. The stock has a fifty day moving average price of C$0.11 and a two-hundred day moving average price of C$0.13.

Insider Buying and Selling at Spanish Mountain Gold

In related news, Director Lembit Janes purchased 827,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of C$0.09 per share, for a total transaction of C$74,430.00. Over the last three months, insiders have purchased 1,504,000 shares of company stock worth $143,855. 33.34% of the stock is owned by insiders.

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.