Spanish Mountain Gold (CVE:SPA) Shares Down 6.3%

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price traded down 6.3% on Monday . The stock traded as low as C$0.15 and last traded at C$0.15. 153,533 shares changed hands during trading, an increase of 48% from the average session volume of 103,765 shares. The stock had previously closed at C$0.16.

Spanish Mountain Gold Trading Down 9.4 %

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 business’s 50 day moving average price is C$0.17 and its 200-day moving average price is C$0.18. The firm has a market cap of C$56.63 million, a price-to-earnings ratio of -14.50 and a beta of 1.89.

Insiders Place Their Bets

In related news, Director Lembit Janes acquired 180,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of C$0.17 per share, with a total value of C$29,782.50. Over the last 90 days, insiders have acquired 1,140,500 shares of company stock worth $197,283. 33.29% of the stock is owned by 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.