Silver Spruce Resources (CVE:SSE) Stock Price Up 100% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE)’s stock price rose 100% during mid-day trading on Thursday . The company traded as high as C$0.01 and last traded at C$0.01. Approximately 500,000 shares were traded 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 company has a quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of C$3.23 million, a P/E ratio of -1.00 and a beta of 1.34. The business has a fifty day moving average price of C$0.01 and a 200-day moving average price of C$0.01.

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.