Silver Spruce Resources (CVE:SSE) Sets New 1-Year Low – Here’s What Happened

Silver Spruce Resources Inc. (CVE:SSE) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 32086 shares trading hands. The stock had previously closed at C$0.01.

Silver Spruce Resources Trading Down 50.0 %

The firm’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 quick ratio of 1.17, a current ratio of 0.61 and a debt-to-equity ratio of 0.88. The company has a market cap of C$1.61 million, a P/E ratio of -1.00 and a beta of 1.34.

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.