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

Silver Spruce Resources Inc. (CVE:SSE)’s stock price shot up 40% on Monday . The company traded as high as C$0.15 and last traded at C$0.14. 191,207 shares traded hands during trading, an increase of 361% from the average session volume of 41,440 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Price Performance

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