Silver Spruce Resources (CVE:SSE) Stock Price Down 20% – Here’s What Happened

Silver Spruce Resources Inc. (CVE:SSE)’s share price traded down 20% on Saturday . The stock traded as low as C$0.01 and last traded at C$0.01. 763,594 shares changed hands during trading, an increase of 155% from the average session volume of 299,213 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Performance

The company has a 50-day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. 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 firm has a market capitalization of C$2.58 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.