Spanish Mountain Gold (CVE:SPA) Reaches New 12-Month High – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA) reached a new 52-week high during trading on Monday . The company traded as high as C$0.19 and last traded at C$0.18, with a volume of 118100 shares trading hands. The stock had previously closed at C$0.18.

Spanish Mountain Gold Trading Up 2.9%

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 company has a market cap of C$70.30 million, a price-to-earnings ratio of -18.00 and a beta of 1.87. The firm has a 50 day moving average price of C$0.14 and a two-hundred day moving average price of C$0.12.

Insider Activity at Spanish Mountain Gold

In other news, Director Lembit Janes purchased 423,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of C$0.14 per share, with a total value of C$59,220.00. Insiders have purchased 823,000 shares of company stock worth $103,220 over the last ninety days. Insiders own 33.34% of the company’s stock.

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.