Spanish Mountain Gold (CVE:SPA) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Spanish Mountain Gold Ltd. (CVE:SPA)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.11 and traded as high as C$0.14. Spanish Mountain Gold shares last traded at C$0.12, with a volume of 131,050 shares trading hands.

Spanish Mountain Gold Price Performance

The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.13. The firm has a market capitalization of C$46.87 million, a price-to-earnings ratio of -12.00 and a beta of 1.87.

Insiders Place Their Bets

In other Spanish Mountain Gold news, Director Lembit Janes acquired 827,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of C$0.09 per share, with a total value of C$74,430.00. Insiders purchased 1,504,000 shares of company stock valued at $143,855 over the last quarter. Insiders own 33.34% of the company’s stock.

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.