Silver Spruce Resources (CVE:SSE) Stock Price Up 17.5% – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE)’s stock price traded up 17.5% on Friday . The company traded as high as C$0.37 and last traded at C$0.37. 173,032 shares traded hands during mid-day trading, an increase of 72% from the average session volume of 100,797 shares. The stock had previously closed at C$0.32.

Silver Spruce Resources Stock Up 7.9%

The business’s 50 day simple moving average is C$0.19 and its 200 day simple moving average is C$0.08. The company has a market capitalization of C$7.35 million, a PE ratio of -1.00 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88.

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.