Silver Spruce

After spending two days under 0.14 Silver Spruce was officially oversold. SSE.V or SSEBF for US otc participants is a grey market security. Meaning there are no market makers, and the grey market is self regulated. Orders are often difficult to fill, even in comparison to other micro cap stocks. Persistence is often rewarded when following a strategy. I have projected a retracement to the golden ratio 61.8 leaving a target share price of 0.27 likely within time zone one or two before any serious correction, barring more pieces of the sky falling of course. This target would yield 70.8%.

Vigorous selling has fizzled out and the market has found a bottom for now, no less than a 38.2 retracement to 0.21 per share, yielding 32% from the current levels is projected. This company is at a great discount and currently has a market cap just shy of $17.25 million. Silver Spruce Resources, despite namesake is a gold, uranium, rare earth and silver exploration company with a focus on uranium.