Spanish Mountain Gold (CVE:SPA) Reaches New 52-Week Low – Time to Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) shares hit 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 traded. The stock had previously closed at C$0.10.

Spanish Mountain Gold Stock Performance

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 stock has a market capitalization of C$35.15 million, a P/E ratio of -9.00 and a beta of 1.87. The business has a 50-day moving average price of C$0.11 and a 200 day moving average price of C$0.14.

Insiders Place Their Bets

In other news, Director Lembit Janes purchased 400,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of C$0.10 per share, for a total transaction of C$40,000.00. Over the last three months, insiders have purchased 1,857,500 shares of company stock valued at $209,743. 33.34% of the stock is currently owned by corporate 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.