Silver Spruce Resources (CVE:SSE) Trading Up 40% – Should You Buy?

by · The Cerbat Gem

Silver Spruce Resources Inc. (CVE:SSE – Get Free Report) shares traded up 40% on Friday . The stock traded as high as C$0.23 and last traded at C$0.21. 160,929 shares were traded during mid-day trading, an increase of 279% from the average session volume of 42,416 shares. The stock had previously closed at C$0.15.

Silver Spruce Resources Stock Performance

The business has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.04. The company has a quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of C$4.54 million, a price-to-earnings ratio of -1.00 and a beta of 1.48.

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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