Spanish Mountain Gold (CVE:SPA) Shares Up 7.7% - Here's What Happened

Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) shares traded up 7.7% during mid-day trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14. 761,000 shares changed hands during trading, an increase of 155% from the average session volume of 298,144 shares. The stock had previously closed at C$0.13.

Spanish Mountain Gold Trading Down 6.9 %

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 stock has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.13. 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 Activity

In other Spanish Mountain Gold news, Director Lembit Janes bought 912,000 shares of the business's stock in a transaction on Monday, November 18th. The shares were acquired at an average price of C$0.12 per share, with a total value of C$109,440.00. In the last 90 days, insiders have purchased 2,684,500 shares of company stock valued at $284,173. 33.34% of the stock is currently owned by insiders.

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.