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

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

Silver Spruce Resources Stock Down 33.3%

The firm has a 50 day moving average of C$0.02 and a 200 day moving average of C$0.01. The firm has a market cap of C$3.24 million, a price-to-earnings ratio of -1.00 and a beta of 1.44. 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.