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

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Spanish Mountain Gold Trading Down 4.0 %

The stock’s 50 day simple moving average is C$0.12 and its 200 day simple 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. The firm has a market cap of C$46.87 million, a PE ratio of -12.00 and a beta of 1.87.

Insider Buying and Selling

In other Spanish Mountain Gold news, Director Lembit Janes acquired 827,000 shares of the business’s stock in a transaction dated 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 owned by company 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.