Silver Spruce Resources (CVE:SSE) Shares Down 14.3% – Time to Sell?

Silver Spruce Resources Inc. (CVE:SSE) was down 14.3% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 174,500 shares were traded during trading, an increase of 172% from the average daily volume of 64,243 shares. The stock had previously closed at C$0.11.

Silver Spruce Resources Stock Down 19.0%

The company has a market capitalization of C$2.67 million, a PE ratio of -1.70 and a beta of 1.16. The firm’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 0.61.

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.