Silver Spruce Resources (CVE:SSE) Reaches New 1-Year Low – Time to Sell?

Silver Spruce Resources Inc. (CVE:SSE)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 30000 shares trading hands. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Down 50.0 %

The company’s 50 day moving average price is C$0.01 and its two-hundred day moving average price is C$0.01. The company has a quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88. The stock has a market cap of C$1.61 million, a P/E ratio of -1.00 and a beta of 1.34.

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.