Silver Spruce Resources (CVE:SSE) Stock Price Down 13% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE)’s stock price was down 13% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 98,851 shares traded hands during mid-day trading, an increase of 142% from the average daily volume of 40,838 shares. The stock had previously closed at C$0.12.

Silver Spruce Resources Price Performance

The business has a fifty day moving average of C$0.03 and a 200 day moving average of C$0.02. The stock has a market cap of C$2.16 million, a PE ratio of -1.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.61 and a quick ratio of 1.17.

Silver Spruce Resources Company Profile

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.