Silver Spruce Resources (CVE:SSE) Trading Down 33.3% – Here’s What Happened

Shares of Silver Spruce Resources Inc. (CVE:SSE) traded down 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 were traded 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 firm has a market cap of C$3.23 million, a PE ratio of -1.00 and a beta of 1.34. The stock has a 50 day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88.

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.