Silver Spruce Resources (CVE:SSE) Reaches New 1-Year Low – Should You Sell?

Silver Spruce Resources Inc. (CVE:SSE) shares reached a new 52-week low during trading on Monday. The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 3000 shares changing hands. The stock had previously closed at C$0.07.

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 cap of C$2.14 million, a PE ratio of -1.20 and a beta of 1.66. The stock has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.14.

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.