Sandspring Resources (CVE:SSP) Shares Pass Below 50-Day Moving Average – Here’s Why

Sandspring Resources Ltd. (CVE:SSPGet Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.26 and traded as low as C$0.25. Sandspring Resources shares last traded at C$0.26, with a volume of 331,100 shares trading hands.

Sandspring Resources Price Performance

The company’s fifty day simple moving average is C$0.26 and its 200-day simple moving average is C$0.26. The firm has a market capitalization of C$8.90 million and a PE ratio of -7.73.

Sandspring Resources Company Profile

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Sandspring Resources Ltd., a junior mining company, explores for and develops gold and related minerals in Guyana, South America. It primarily explores for gold, copper, and silver deposits. The company's primary resource property is the Upper Puruni property, including the Toroparu gold project, which covers a total of 138,740 acres comprising 7 small scale claims, 98 medium scale prospecting permits, 13 medium scale mining permits, and 2 contiguous prospecting licenses. Sandspring Resources Ltd.

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