Silver Spruce Resources (CVE:SSE) Shares Down 14.3% – Time to Sell?

Silver Spruce Resources Inc. (CVE:SSE)’s share price dropped 14.3% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 174,500 shares traded hands during trading, an increase of 172% from the average daily volume of 64,243 shares. The stock had previously closed at C$0.11.

Silver Spruce Resources Stock Performance

The company has a market cap of C$2.67 million, a PE ratio of -1.70 and a beta of 1.16. 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’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.22.

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.