Silver Spruce Resources (CVE:SSE) Stock Price Down 33.3% – Should You Sell?

Silver Spruce Resources Inc. (CVE:SSE)’s share price dropped 33.3% during trading on Thursday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 2,447,800 shares were traded during mid-day trading, an increase of 508% from the average daily volume of 402,684 shares. The stock had previously closed at C$0.02.

Silver Spruce Resources Stock Performance

The firm has a market cap of C$3.23 million, a PE ratio of -1.00 and a beta of 1.34. The business has a 50 day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. 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.