Spanish Mountain Gold (CVE:SPA) Sets New 52-Week Low – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.12 and last traded at C$0.12, with a volume of 180002 shares traded. The stock had previously closed at C$0.12.

Spanish Mountain Gold Stock Performance

The company has a market capitalization of C$44.91 million, a P/E ratio of -11.50 and a beta of 1.87. The business has a 50 day moving average price of C$0.14 and a 200 day moving average price of C$0.16. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at Spanish Mountain Gold

In other Spanish Mountain Gold news, Director Lembit Janes bought 180,500 shares of Spanish Mountain Gold stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of C$0.17 per share, for a total transaction of C$29,782.50. Over the last 90 days, insiders bought 1,361,000 shares of company stock valued at $170,100. 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.