Silver Spruce Resources (CVE:SSE) Trading Up 40% – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE) rose 40% during trading on Monday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 109,275 shares changed hands during trading, an increase of 167% from the average daily volume of 41,002 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Price Performance

The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. The firm has a market cap of C$3.03 million, a price-to-earnings ratio of -1.00 and a beta of 1.59. The stock has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.02.

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.