Silver Spruce Resources (CVE:SSE) Stock Price Down 25% – Should You Sell?

Silver Spruce Resources Inc. (CVE:SSE) shares fell 25% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 142,811 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 620,408 shares. The stock had previously closed at C$0.02.

Silver Spruce Resources Stock Performance

The business has a 50-day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01. The company has a market cap of C$4.86 million, a P/E ratio of -1.00 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 0.61 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.