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

Silver Spruce Resources Inc. (CVE:SSE)’s stock price was up 40% on Friday . The company traded as high as C$0.23 and last traded at C$0.21. Approximately 169,529 shares were traded during 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 debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61. The company has a market capitalization of C$4.54 million, a price-to-earnings ratio of -1.00 and a beta of 1.48. The firm has a fifty day moving average price of C$0.09 and a 200-day moving average price of C$0.04.

About Silver Spruce Resources

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.