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An update from Silver Spruce Resources ( (TSE:SSE) ) is now available.
Silver Spruce Resources Inc. has acquired full ownership of the Jackie Gold-Silver Project in Sonora, Mexico, by purchasing the remaining 50% interest from Colibri Resource Corporation. This acquisition allows Silver Spruce to have complete control over the project, enabling them to pursue focused exploration and strategic partnerships. The company plans to conduct further fieldwork and a maiden drill program to evaluate the project’s potential. Additionally, Silver Spruce has exited the Diamante Project, transferring its interest to Colibri, which provides financial flexibility and allows Colibri to consolidate ownership.
Spark’s Take on TSE:SSE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SSE is a Underperform.
Silver Spruce Resources faces significant financial challenges with no revenue and negative profitability metrics, severely impacting the overall score. Technically, the stock shows limited momentum and faces valuation concerns with a negative P/E ratio. While strategic changes in corporate governance could offer some future potential, they do not currently offset the substantial financial and operational risks.
To see Spark’s full report on TSE:SSE stock, click here.
More about Silver Spruce Resources
Silver Spruce Resources Inc. is a company involved in the exploration and development of mineral properties, focusing on high-potential, early-stage assets. Its portfolio includes the Jackie Au-Ag Project, Pino de Plata Ag Project, and Melchett Lake VMS Zn-Ag-Au-Cu Project, emphasizing flexibility and strategic partnerships to deliver long-term value.
Average Trading Volume: 379,149
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.62M
See more insights into SSE stock on TipRanks’ Stock Analysis page.