Silver Spruce Resources (CVE:SSE) Shares Down 21.1% – Here’s What Happened

Silver Spruce Resources Inc. (CVE:SSE)’s share price was down 21.1% on Tuesday . The stock traded as low as C$0.30 and last traded at C$0.30. Approximately 106,226 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 104,829 shares. The stock had previously closed at C$0.38.

Silver Spruce Resources Trading Down 21.1%

The company has a debt-to-equity ratio of 0.88, a current ratio of 0.61 and a quick ratio of 1.17. The stock has a market cap of C$6.48 million, a P/E ratio of -1.00 and a beta of 1.60. The stock’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.08.

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.