Shares of Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) rose 7.7% during mid-day trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 761,000 shares changed hands during trading, an increase of 155% from the average daily volume of 298,144 shares. The stock had previously closed at C$0.13.
Spanish Mountain Gold Price Performance
The business's fifty day simple moving average is C$0.11 and its 200-day simple moving average is C$0.13. The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The firm has a market cap of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87.
Insider Buying and Selling at Spanish Mountain Gold
In related news, Director Lembit Janes bought 912,000 shares of the business's stock in a transaction that occurred on 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 have acquired 2,684,500 shares of company stock valued at $284,173 in the last 90 days. 33.34% of the stock is currently owned by company insiders.
Spanish Mountain Gold Company Profile
(
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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.
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