Silver Spruce Resources (CVE:SSE) Stock Price Down 11.8% – Should You Sell?

Silver Spruce Resources Inc. (CVE:SSE) shares dropped 11.8% during trading on Friday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 111,171 shares traded hands during mid-day trading, an increase of 121% from the average daily volume of 50,356 shares. The stock had previously closed at C$0.17.

Silver Spruce Resources Trading Down 11.8%

The business has a 50 day moving average of C$0.23 and a two-hundred day moving average of C$0.22. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. The firm has a market cap of C$4.71 million, a P/E ratio of -3.00 and a beta of 1.46.

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.