Home / Market Movers / Silver Spruce Resources Inc. (CDX:SSE:CA) Leads TSX Venture Basic Materials Laggards with Drop of 5.88% on January 13

Silver Spruce Resources Inc. (CDX:SSE:CA) Leads TSX Venture Basic Materials Laggards with Drop of 5.88% on January 13

In sliding 5.88%, Silver Spruce Resources Inc. (CDX:SSE:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.085, shares of SSE:CA opened this morning at $0.08 and closed the day at $0.08. Throughout the day, about 76,500 shares changed hands, compared to an average 30-day volume of 59,167 for Silver Spruce Resources Inc.. Shares moved as high as $0.085 and as low as $0.08 in today’s trading action.

The share depreciation gives the company a market capitalization of $3.37 million based upon 39.62 million shares outstanding.

In the past 52 weeks, shares of Silver Spruce Resources Inc. have traded as low as $0.05 and as high as $0.14. Technical traders will take note that at $0.08, shares of SSE:CA are trading below their 50-day moving average (MA) at $0.095 and below their 200-day MA at below $0.09. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Svr Spruce?

Silver Spruce Resources Inc is engaged in the prolific Sierra Madre Occidental gold-silver belt in Mexico on its Pino de Plata – Silver/Base Metal/Gold Project. The Company's project is located in the southwest of Coeur Mining's Palmerjo mine. The company is led by its CEO Stephan Jedynak from its headquarters at 197 Dufferin Street.


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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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