Silver Spruce Resources (CVE:SSE) Reaches New 52-Week Low – Time to Sell?

Shares of Silver Spruce Resources Inc. (CVE:SSE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 297314 shares. The stock had previously closed at C$0.01.

Silver Spruce Resources Stock Performance

The company has a market capitalization of C$1.61 million, a P/E ratio of -1.00 and a beta of 1.34. The stock’s 50-day moving average price is C$0.01 and its 200-day moving average price is C$0.01. 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.