Silver Spruce Resources (CVE:SSE) Stock Price Up 100% – Should You Buy?

Silver Spruce Resources Inc. (CVE:SSE) shares were up 100% during mid-day trading on Thursday . The stock traded as high as C$0.01 and last traded at C$0.01. Approximately 500,000 shares traded hands during trading, an increase of 46% from the average daily volume of 341,333 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Performance

The firm has a 50 day moving average price of C$0.01 and a 200-day moving average price of C$0.01. 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 cap of C$3.23 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.