Silver Spruce Resources (CVE:SSE) Stock Price Up 50% – Here’s Why

Silver Spruce Resources Inc. (CVE:SSE)’s share price rose 50% during trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 1,276,000 shares changed hands during trading, an increase of 107% from the average daily volume of 615,120 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Price Performance

The company has a quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88. The firm has a market cap of C$4.86 million, a P/E ratio of -1.00 and a beta of 1.44. The business has a fifty day moving average of C$0.01 and a 200 day moving average 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.