Silver Spruce Resources (CVE:SSE) Trading Down 21.1% – Here’s Why
by Sarita Garza · The Markets DailySilver Spruce Resources Inc. (CVE:SSE – Get Free Report)’s share price traded down 21.1% during mid-day trading on Monday . The stock traded as low as C$0.30 and last traded at C$0.30. 106,226 shares changed hands during trading, an increase of 1% from the average session volume of 104,829 shares. The stock had previously closed at C$0.38.
Silver Spruce Resources Price Performance
The firm has a market capitalization of C$6.48 million, a PE ratio of -1.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61. The stock has a fifty day moving average price of C$0.19 and a 200-day moving average price of C$0.08.
About Silver Spruce Resources
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.