Silver Spruce Resources (CVE:SSE) Shares Up 40% – Time to Buy?

Shares of Silver Spruce Resources Inc. (CVE:SSE) shot up 40% on Saturday . The stock traded as high as C$0.23 and last traded at C$0.21. 169,529 shares traded hands during trading, an increase of 299% from the average session volume of 42,456 shares. The stock had previously closed at C$0.15.

Silver Spruce Resources Stock Up 40.0%

The stock has a market cap of C$4.54 million, a price-to-earnings ratio of -1.00 and a beta of 1.48. The business’s 50 day moving average is C$0.09 and its 200-day moving average is C$0.04. 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.