Silver Spruce Resources (CVE:SSE) Stock Price Up 40% – Still a Buy?

Silver Spruce Resources Inc. (CVE:SSE) traded up 40% during mid-day trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.14. 191,207 shares were traded during mid-day trading, an increase of 361% from the average session volume of 41,440 shares. The stock had previously closed at C$0.10.

Silver Spruce Resources Stock Down 10.7%

The firm’s 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.03. 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 has a market capitalization of C$2.70 million, a price-to-earnings ratio of -1.00 and a beta of 1.59.

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.