Silver Spruce Resources (CVE:SSE) Stock Price Down 33.3% – Should You Sell?

Shares of Silver Spruce Resources Inc. (CVE:SSE) fell 33.3% during mid-day trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 2,619,129 shares changed hands during mid-day trading, an increase of 619% from the average session volume of 364,444 shares. The stock had previously closed at C$0.02.

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 capitalization of C$3.23 million, a P/E ratio of -1.00 and a beta of 1.34. The business has a 50 day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01.

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.