Silver Spruce Resources (CVE:SSE) Stock Price Down 33.3% – Here’s Why

Shares of Silver Spruce Resources Inc. (CVE:SSE) fell 33.3% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 6,583,532 shares were traded during mid-day trading, an increase of 1,101% from the average session volume of 548,017 shares. The stock had previously closed at C$0.03.

Silver Spruce Resources Stock Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61. The stock’s 50-day moving average is C$0.01 and its 200 day moving average is C$0.01. The firm has a market cap of C$6.48 million, a P/E ratio of -1.00 and a beta of 1.02.

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.