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

by · The Markets Daily

Silver Spruce Resources Inc. (CVE:SSE – Get Free Report)’s share price rose 40% on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 191,207 shares changed hands during trading, an increase of 361% from the average daily volume of 41,440 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Price Performance

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

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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