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

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) 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 mid-day 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 Price Performance

The firm has a market capitalization of C$52.73 million, a P/E ratio of -13.50 and a beta of 1.87. The firm has a 50-day moving average of C$0.11 and a 200-day moving average of 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 Transactions at Spanish Mountain Gold

In other news, Director Lembit Janes bought 268,500 shares of the stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of C$0.12 per share, with a total value of C$30,877.50. Insiders purchased 2,684,500 shares of company stock worth $284,173 over the last three months. 33.34% of the stock is currently 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.