Silver Spruce Resources (CVE:SSE) Shares Down 50% – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE) dropped 50% on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 209,050 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 344,766 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Down 50.0%

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 stock has a fifty day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01. The firm has a market capitalization of C$1.61 million, a P/E ratio of -1.00 and a beta of 1.34.

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.