Spanish Mountain Gold Ltd. (CVE:SPA - Get Free Report) shares rose 2.9% on Wednesday . The stock traded as high as C$0.19 and last traded at C$0.18. Approximately 314,688 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 299,993 shares. The stock had previously closed at C$0.18.
Spanish Mountain Gold Stock Up 2.9%
The company has a debt-to-equity ratio of 0.26, a current ratio of 5.99 and a quick ratio of 3.03. The firm has a market capitalization of C$70.30 million, a P/E ratio of -18.00 and a beta of 1.87. The company's 50-day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.12.
Insiders Place Their Bets
In other Spanish Mountain Gold news, Director Lembit Janes purchased 305,000 shares of the firm's stock in a transaction on Friday, April 11th. The shares were acquired at an average cost of C$0.11 per share, for a total transaction of C$33,550.00. Over the last ninety days, insiders have acquired 823,000 shares of company stock worth $103,220. Company insiders own 33.34% of the company's stock.
About Spanish Mountain Gold
(
Get Free Report)
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.
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