Silver Spruce Resources (CVE:SSE) Shares Down 50% – Here’s What Happened

Silver Spruce Resources Inc. (CVE:SSE)’s share price fell 50% on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 209,050 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 344,766 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Trading Down 50.0%

The company has a 50 day moving average of C$0.01 and a two-hundred day moving average of C$0.01. 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 market capitalization of C$1.61 million, a PE ratio of -1.00 and a beta of 1.34.

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.