Silver Spruce Resources (CVE:SSE) Shares Up 23.4% – What’s Next?

Silver Spruce Resources Inc. (CVE:SSE) shot up 23.4% during mid-day trading on Monday . The stock traded as high as C$0.29 and last traded at C$0.29. 97,712 shares traded hands during trading, an increase of 67% from the average session volume of 58,683 shares. The stock had previously closed at C$0.24.

Silver Spruce Resources Trading Up 23.4%

The company has a fifty day simple moving average of C$0.26 and a 200-day simple moving average of C$0.18. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. The stock has a market cap of C$9.10 million, a price-to-earnings ratio of -5.80 and a beta of 1.52.

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.