Silver Spruce Resources Inc (CVE:SSE) rose 12.5% during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05, approximately 23,000 shares changed hands during trading. A decline of 91% from the average daily volume of 243,949 shares. The stock had previously closed at C$0.04.
The stock has a market capitalization of $3.65 million and a price-to-earnings ratio of -4.44. The business’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.04. The company has a debt-to-equity ratio of 568.72, a current ratio of 0.60 and a quick ratio of 0.42.
About Silver Spruce Resources (CVE:SSE)
Silver Spruce Resources Inc, a junior exploration company, engages in the exploration and development of mineral properties. The company primarily explores for copper, zinc, lead, silver, gold, and other base and precious minerals, as well as rare earth elements. It holds 100% in the Pino de Plata project covering an area of 397 hectare in southwest corner of the state of Chihuahua, Mexico.
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