Silver Spruce Resources (CVE:SSE) Shares Up 40% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE) shot up 40% during mid-day trading on Monday . The company traded as high as C$0.15 and last traded at C$0.14. 191,207 shares were traded during trading, an increase of 361% from the average session volume of 41,440 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Trading Up 40.0%

The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.02. The company has a market capitalization of C$3.03 million, a price-to-earnings ratio of -1.00 and a beta of 1.59.

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.