Spanish Mountain Gold (CVE:SPA) Stock Price Up 12% – What’s Next?

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price was up 12% on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 465,944 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 271,209 shares. The stock had previously closed at C$0.13.

Spanish Mountain Gold Price Performance

The business has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.13. 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 firm has a market cap of C$54.68 million, a P/E ratio of -14.00 and a beta of 1.87.

Insider Buying and Selling at Spanish Mountain Gold

In related news, Director Lembit Janes purchased 827,000 shares of Spanish Mountain Gold stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of C$0.09 per share, with a total value of C$74,430.00. Corporate 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.