Silver Spruce Resources (CVE:SSE) Trading Down 10.5% – Here’s Why

Silver Spruce Resources Inc. (CVE:SSEGet Free Report)’s share price traded down 10.5% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.09. 118,000 shares were traded during trading, an increase of 87% from the average daily volume of 63,050 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Price Performance

The business’s 50 day moving average price is C$0.12 and its two-hundred day moving average price is C$0.21. The stock has a market cap of C$2.85 million, a P/E ratio of -1.60 and a beta of 1.31. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88.

About Silver Spruce Resources

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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.

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