Silver Spruce Resources (CVE:SSE) Stock Price Up 100% – Still a Buy?

Silver Spruce Resources Inc. (CVE:SSEGet Free Report) rose 100% during mid-day trading on Tuesday . The company traded as high as C$0.01 and last traded at C$0.01. Approximately 223,271 shares changed hands during trading, a decline of 35% from the average daily volume of 343,337 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Up 100.0%

The company has a market capitalization of C$3.23 million, a price-to-earnings ratio of -1.00 and a beta of 1.34. The business’s 50-day moving average is C$0.01 and its 200-day moving average is C$0.01. The company has a quick ratio of 1.17, a current ratio of 0.61 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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