Silver Spruce Resources (CVE:SSE) Shares Down 25% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE) dropped 25% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 657,637 shares were traded during trading, an increase of 5% from the average daily volume of 626,255 shares. The stock had previously closed at C$0.02.

Silver Spruce Resources Price Performance

The business’s 50 day moving average is C$0.01 and its two-hundred day moving average is C$0.01. The firm has a market cap of C$4.86 million, a P/E ratio of -1.00 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88.

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.