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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price hit a new 52-week low on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 132107 shares traded. The stock had previously closed at C$0.11.

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 fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.16. The stock has a market capitalization of C$41.01 million, a price-to-earnings ratio of -10.50 and a beta of 1.87.

Insider Activity

In other news, Director Lembit Janes bought 912,000 shares of Spanish Mountain Gold stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$109,440.00. Insiders bought a total of 1,457,500 shares of company stock worth $169,743 in the last three months. Company 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.