Silver Spruce Resources (CVE:SSE) Shares Down 33.3% – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE)’s stock price dropped 33.3% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 6,583,532 shares changed hands during trading, an increase of 1,101% from the average daily volume of 548,017 shares. The stock had previously closed at C$0.03.

Silver Spruce Resources Stock Down 33.3%

The stock has a market cap of C$6.48 million, a PE ratio of -1.00 and a beta of 1.02. The company has a current ratio of 0.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of C$0.01 and a 200-day moving average price of C$0.01.

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.