Silver Spruce Resources (CVE:SSE) Shares Up 50%

Silver Spruce Resources Inc. (CVE:SSE)’s stock price rose 50% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 549,015 shares changed hands during mid-day trading, an increase of 137% from the average daily volume of 231,951 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Price Performance

The stock has a market cap of C$3.23 million, a price-to-earnings ratio of -1.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.26. The company has a 50-day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01.

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.