Silver Spruce Resources (CVE:SSE) Shares Up 50% – Should You Buy?

Shares of Silver Spruce Resources Inc. (CVE:SSE) rose 50% on Monday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 179,774 shares traded hands during trading, an increase of 336% from the average daily volume of 41,246 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Trading Up 40.0%

The stock has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.02. The company has a market capitalization of C$3.03 million, a P/E ratio of -1.00 and a beta of 1.59. The company has a current ratio of 0.61, a quick ratio of 1.17 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.