Silver Spruce Resources (CVE:SSE) Trading Up 50% – Here’s What Happened

Silver Spruce Resources Inc. (CVE:SSE)’s stock price traded up 50% on Friday . The company traded as high as C$0.23 and last traded at C$0.23. 136,409 shares were traded during mid-day trading, an increase of 223% from the average session volume of 42,281 shares. The stock had previously closed at C$0.15.

Silver Spruce Resources Trading Up 40.0%

The company’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.04. The firm has a market cap of C$4.54 million, a price-to-earnings ratio of -1.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61.

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.