Silver Spruce Resources (CVE:SSE) Trading Up 17.5% – Still a Buy?

Shares of Silver Spruce Resources Inc. (CVE:SSEGet Free Report) were up 17.5% during mid-day trading on Friday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 173,032 shares traded hands during trading, an increase of 72% from the average daily volume of 100,797 shares. The stock had previously closed at C$0.32.

Silver Spruce Resources Price Performance

The business’s 50-day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.08. The stock has a market cap of C$8.21 million, a price-to-earnings ratio of -1.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.61 and a quick ratio of 1.17.

Silver Spruce Resources Company Profile

(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.

Further Reading

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