Silver Spruce Resources (CVE:SSE) Stock Price Up 4.5% – Still a Buy?

Shares of Silver Spruce Resources Inc. (CVE:SSE) rose 4.5% during trading on Tuesday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 14,946 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 51,837 shares. The stock had previously closed at C$0.22.

Silver Spruce Resources Trading Up 4.5%

The company has a 50 day moving average of C$0.24 and a 200 day moving average of C$0.20. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. The firm has a market cap of C$7.22 million, a price-to-earnings ratio of -4.60 and a beta of 1.46.

About Silver Spruce Resources

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.