Silver Spruce Resources (CVE:SSE) Hits New 1-Year Low – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 500000 shares traded. The stock had previously closed at C$0.01.

Silver Spruce Resources Price 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 company’s 50-day moving average price is C$0.01 and its 200 day moving average price is C$0.01. The stock has a market capitalization of C$1.61 million, a P/E ratio of -1.00 and a beta of 1.34.

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.