Silver Spruce Resources (CVE:SSE) Shares Up 14.3% – Should You Buy?

Silver Spruce Resources Inc. (CVE:SSE)’s share price traded up 14.3% during mid-day trading on Wednesday . The company traded as high as C$0.24 and last traded at C$0.24. 110,219 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 51,985 shares. The stock had previously closed at C$0.21.

Silver Spruce Resources Trading Up 19.0%

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 stock has a market cap of C$5.40 million, a P/E ratio of -1.00 and a beta of 1.60. The business’s fifty day simple moving average is C$0.13 and its 200 day simple moving average is C$0.05.

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.