Silver Spruce Resources (CVE:SSE) Trading Down 10.5% – Here’s What Happened

Silver Spruce Resources Inc. (CVE:SSE) shares dropped 10.5% on Friday . The company traded as low as C$0.08 and last traded at C$0.09. 118,000 shares traded hands during trading, an increase of 87% from the average session volume of 63,050 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Trading Down 15.8%

The stock has a market cap of C$2.85 million, a price-to-earnings ratio of -1.60 and a beta of 1.31. 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 business’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.21.

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.