Spanish Mountain Gold (CVE:SPA) Stock Crosses Above 50-Day Moving Average – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.11 and traded as high as C$0.14. Spanish Mountain Gold shares last traded at C$0.12, with a volume of 131,050 shares trading hands.

Spanish Mountain Gold Price 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 company’s fifty day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.13. The stock has a market capitalization of C$46.87 million, a PE ratio of -12.00 and a beta of 1.87.

Insider Transactions at Spanish Mountain Gold

In other news, Director Lembit Janes purchased 827,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of C$0.09 per share, for a total transaction of C$74,430.00. Insiders bought a total of 1,504,000 shares of company stock worth $143,855 over the last ninety days. 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.