Silver Spruce Resources (CVE:SSE) Trading 40% Higher – Time to Buy?

by · The Cerbat Gem

Shares of Silver Spruce Resources Inc. (CVE:SSE – Get Free Report) rose 40% during mid-day trading on Monday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 109,275 shares traded hands during trading, an increase of 167% from the average daily volume of 41,002 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Price Performance

The company has a debt-to-equity ratio of 0.88, a current ratio of 0.61 and a quick ratio of 1.17. The company’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.03. The company has a market cap of C$2.70 million, a P/E ratio of -1.00 and a beta of 1.59.

Silver Spruce Resources Company Profile

(Get Free Report)

Silver Spruce Resources Inc, an exploration stage company, engages in the exploration of precious and base minerals. The company primarily explores for silver, lead, zinc, copper, gold, and base and rare earth elements. It holds 100% interest in the Pino de Plata project comprising four concessions covering an area of 397 hectors, located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico; and the Melchett Lake property covering an area of 4,698 hectares located within the English River Sub-province of the Archean-age Superior Province.

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