Silver Spruce Resources (CVE:SSE) Trading 40% Higher – Still a Buy?

Silver Spruce Resources Inc. (CVE:SSE) shares were up 40% during mid-day trading on Friday . The company traded as high as C$0.23 and last traded at C$0.21. Approximately 169,529 shares changed hands during trading, an increase of 299% from the average daily volume of 42,456 shares. The stock had previously closed at C$0.15.

Silver Spruce Resources Price Performance

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

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.