Spanish Mountain Gold (CVE:SPA) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Spanish Mountain Gold Ltd. (CVE:SPA) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.12 and traded as low as C$0.12. Spanish Mountain Gold shares last traded at C$0.12, with a volume of 189,416 shares.

Spanish Mountain Gold Price Performance

The firm has a market capitalization of C$46.87 million, a PE ratio of -12.00 and a beta of 1.87. The business’s 50 day moving average is C$0.12 and its two-hundred day moving average is C$0.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.03 and a current ratio of 5.99.

Insider Activity at Spanish Mountain Gold

In other news, Director Lembit Janes acquired 827,000 shares of Spanish Mountain Gold stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of C$0.09 per share, with a total value of C$74,430.00. 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.