Silver Spruce Resources (CVE:SSE) Trading 40% Higher – Should You Buy?

Silver Spruce Resources Inc. (CVE:SSEGet Free Report)’s stock price was up 40% during trading on Friday . The stock traded as high as C$0.23 and last traded at C$0.21. Approximately 169,529 shares changed hands during mid-day trading, an increase of 299% from the average daily volume of 42,456 shares. The stock had previously closed at C$0.15.

Silver Spruce Resources Trading Up 40.0%

The company 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 fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.04. 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

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Silver Spruce Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Spruce Resources and related companies with MarketBeat.com's FREE daily email newsletter.