Silver Spruce Resources (CVE:SSE) Shares Down 33.3% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE) dropped 33.3% during mid-day trading on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 355,119 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 624,237 shares. The stock had previously closed at C$0.02.

Silver Spruce Resources Price Performance

The company has a market cap of C$3.24 million, a P/E ratio of -1.00 and a beta of 1.44. The company has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.61 and a quick ratio of 1.17.

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.