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

Silver Spruce Resources Inc. (CVE:SSE)’s share price dropped 50% during trading on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 209,050 shares were traded 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 Trading Down 50.0%

The company has a market capitalization of C$1.61 million, a P/E ratio of -1.00 and a beta of 1.34. The business has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88.

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.