Sandspring Resources Ltd. (CVE:SSP) traded up 2.6% during trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.39, 472,000 shares traded hands during trading. An increase of 66% from the average session volume of 284,518 shares. The stock had previously closed at C$0.38.
The stock has a market cap of $104.11 million and a P/E ratio of -10.26. The company has a fifty day moving average price of C$0.32 and a 200 day moving average price of C$0.23.
In other news, Director David Wayne Constable sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$0.42, for a total transaction of C$41,500.00. Following the completion of the sale, the director now owns 10,000 shares in the company, valued at C$4,150.
Sandspring Resources Ltd., a junior mining company, explores for and develops gold and related minerals in Guyana, South America. It primarily explores for gold, copper, and silver deposits. The company's primary resource property is the Upper Puruni property, including the Toroparu gold project, which covers a total of 138,740 acres comprising 7 small scale claims, 98 medium scale prospecting permits, 13 medium scale mining permits, and 2 contiguous prospecting licenses.
Featured Article: What are popular green investing opportunities?
Receive News & Ratings for Sandspring Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandspring Resources and related companies with MarketBeat.com's FREE daily email newsletter.