Silver Spruce Resources (CVE:SSE) Trading 100% Higher – Still a Buy?

Silver Spruce Resources Inc. (CVE:SSE)’s stock price traded up 100% during mid-day trading on Tuesday . The stock traded as high as C$0.01 and last traded at C$0.01. 223,271 shares were traded during trading, a decline of 35% from the average session volume of 343,337 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Up 100.0%

The company has a 50-day moving average of C$0.01 and a 200-day moving average of C$0.01. The company has a market capitalization of C$3.23 million, a price-to-earnings ratio of -1.00 and a beta of 1.34. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88.

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.