Spanish Mountain Gold (CVE:SPA) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.12 and traded as low as C$0.12. Spanish Mountain Gold shares last traded at C$0.13, with a volume of 244,700 shares trading hands.

Spanish Mountain Gold Stock Performance

The stock has a market cap of C$48.82 million, a price-to-earnings ratio of -12.50 and a beta of 1.87. The company’s fifty day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03.

Insider Transactions at Spanish Mountain Gold

In related news, Director Lembit Janes purchased 827,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of C$0.09 per share, for a total transaction of C$74,430.00. 33.34% of the stock is currently owned by insiders.

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.