Silver Spruce Resources (CVE:SSE) Stock Price Down 21.1% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE) was down 21.1% during trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30. Approximately 106,226 shares were traded during trading, an increase of 1% from the average daily volume of 104,829 shares. The stock had previously closed at C$0.38.

Silver Spruce Resources Stock Performance

The business has a 50 day moving average of C$0.19 and a 200-day moving average of C$0.08. The company has a market capitalization of C$6.48 million, a P/E ratio of -1.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61.

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.