Silver Spruce Resources (CVE:SSE) Shares Down 13% – Should You Sell?

Silver Spruce Resources Inc. (CVE:SSE) dropped 13% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 98,851 shares were traded during mid-day trading, an increase of 142% from the average daily volume of 40,838 shares. The stock had previously closed at C$0.12.

Silver Spruce Resources Trading Down 13.0%

The firm has a market cap of C$2.16 million, a P/E ratio of -1.00 and a beta of 1.59. 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 firm has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.02.

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.