Silver Spruce Resources (CVE:SSE) Stock Price Up 40% – Here’s Why

by · The Cerbat Gem

Silver Spruce Resources Inc. (CVE:SSE – Get Free Report) shares rose 40% during mid-day trading on Friday . The stock traded as high as C$0.23 and last traded at C$0.21. Approximately 169,529 shares were traded during trading, an increase of 299% from the average daily volume of 42,456 shares. The stock had previously closed at C$0.15.

Silver Spruce Resources Stock Up 40.0%

The company has a market capitalization of C$4.54 million, a price-to-earnings ratio of -1.00 and a beta of 1.48. The stock’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.61 and a quick ratio of 1.17.

About Silver Spruce Resources

(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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