Silver Spruce Resources (CVE:SSE) Trading 40% Higher – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE) traded up 40% during mid-day trading on Friday . The company traded as high as C$0.23 and last traded at C$0.21. 160,929 shares were traded during trading, an increase of 279% from the average session volume of 42,416 shares. The stock had previously closed at C$0.15.

Silver Spruce Resources Trading Up 40.0%

The stock’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.04. The stock has a market capitalization of C$4.54 million, a PE ratio of -1.00 and a beta of 1.48. 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.