Silver Spruce Resources (CVE:SSE) Stock Price Down 50% – Here’s Why

Shares of Silver Spruce Resources Inc. (CVE:SSE) fell 50% on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. 206,100 shares were traded during mid-day trading, a decline of 40% from the average session volume of 344,731 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Down 50.0%

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 firm’s 50-day moving average is C$0.01 and its two-hundred day moving average is C$0.01. The stock has a market cap of C$1.61 million, a P/E ratio of -1.00 and a beta of 1.34.

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.