Silver Spruce Resources (CVE:SSE) Shares Up 40% – Still a Buy?

by · The Cerbat Gem

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

Silver Spruce Resources Price Performance

The company’s 50 day simple moving average is C$0.09 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. The stock has a market capitalization of C$4.54 million, a P/E ratio of -1.00 and a beta of 1.48.

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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