Silver Spruce Resources (CVE:SSE) Trading Down 25% – Time to Sell?

Silver Spruce Resources Inc. (CVE:SSE)’s stock price fell 25% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 142,811 shares were traded during mid-day trading, a decline of 77% from the average session volume of 620,408 shares. The stock had previously closed at C$0.02.

Silver Spruce Resources Stock Down 25.0%

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 firm’s 50 day moving average price is C$0.01 and its two-hundred day moving average price is C$0.01. The firm has a market cap of C$4.86 million, a price-to-earnings ratio of -1.00 and a beta of 1.02.

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.