Silver Spruce Resources (CVE:SSE) Reaches New 12-Month Low – Should You Sell?

Shares of Silver Spruce Resources Inc. (CVE:SSE) hit a new 52-week low on Monday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 551000 shares trading hands. The stock had previously closed at C$0.01.

Silver Spruce Resources Price Performance

The firm has a 50-day moving average of C$0.01 and a two-hundred day moving average of C$0.01. The stock has a market capitalization of C$1.61 million, a price-to-earnings ratio of -1.00 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 0.61 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.