Silver Spruce Resources (CVE:SSE) Trading Down 21.1% – Should You Sell?

Silver Spruce Resources Inc. (CVE:SSE) shares traded down 21.1% during mid-day trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30. 106,226 shares traded hands during mid-day 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 business’s 50-day simple moving average is C$0.20 and its 200 day simple moving average is C$0.09. The company has a market capitalization of C$6.48 million, a P/E ratio of -1.00 and a beta of 1.60. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88.

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.