Silver Spruce Resources (CVE:SSE) Shares Up 47.6% – Here’s What Happened

Silver Spruce Resources Inc. (CVE:SSE)’s stock price was up 47.6% during mid-day trading on Wednesday . The company traded as high as C$0.36 and last traded at C$0.31. Approximately 408,014 shares changed hands during trading, an increase of 185% from the average daily volume of 143,296 shares. The stock had previously closed at C$0.21.

Silver Spruce Resources Trading Up 5.3%

The stock has a market capitalization of C$6.48 million, a price-to-earnings ratio of -1.00 and a beta of 1.60. The company’s 50 day moving average is C$0.14 and its 200 day moving average is C$0.06. 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.