Silver Spruce Resources (CVE:SSE) Shares Down 33.3% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE) shares dropped 33.3% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 6,583,532 shares changed hands during mid-day trading, an increase of 1,101% from the average daily volume of 548,017 shares. The stock had previously closed at C$0.03.

Silver Spruce Resources Stock Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61. The company has a 50 day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a market capitalization of C$6.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.02.

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.