Spanish Mountain Gold (CVE:SPA) Shares Cross Below 50-Day Moving Average – Should You Sell?

Shares of Spanish Mountain Gold Ltd. (CVE:SPA) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.11 and traded as low as C$0.11. Spanish Mountain Gold shares last traded at C$0.11, with a volume of 322,000 shares.

Spanish Mountain Gold Trading Down 12.5 %

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 firm has a market cap of C$41.01 million, a P/E ratio of -10.50 and a beta of 1.87. The firm’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.14.

Insider Activity at Spanish Mountain Gold

In other news, Director Lembit Janes purchased 912,000 shares of Spanish Mountain Gold stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of C$0.12 per share, with a total value of C$109,440.00. Insiders have purchased 2,684,500 shares of company stock worth $284,173 over the last 90 days. 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.