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Spruce Ridge Resources Ltd (TSE:SHL)
:SHL
SHL Stock Chart & Stats
C$0.08
C$0.00(0.00%)
At close: 4:00 PM EST
C$0.08
C$0.00(0.00%)
Day’s Range― - ―
52-Week RangeC$0.04 - C$0.72
Previous CloseN/A
Volume5.00K
Average Volume (3M)186.43K
Market Cap
C$90.44M
Enterprise ValueC$90.15M
Total Cash (Recent Filing)C$3.30M
Total Debt (Recent Filing)C$0.00
Price to Earnings (P/E)9.3
Beta1.67
Next Earnings
Mar 26, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)<0.01
Shares Outstanding226,096,800
10 Day Avg. Volume299,004
30 Day Avg. Volume186,428
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.73
Price to Sales (P/S)0.00
P/FCF Ratio-6.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low LeverageThe company's minimal to no debt materially reduces solvency and interest-rate risk, preserving financial flexibility. Over the next 2-6 months this lower leverage limits default risk and gives management optionality to address cash burn through non-debt financing or strategic choices.
Positive Equity BufferA positive equity base (~$9.5M TTM) provides a tangible capital cushion for creditors and operations despite erosion from prior years. This residual equity supports continued operating capacity in the medium term and helps absorb ongoing losses while alternatives are evaluated.
Transparent Cash LossesTTM free cash flow tracking net loss indicates losses are largely cash-based rather than hidden non-cash charges. That transparency improves the reliability of cash-burn estimates, enabling clearer medium-term planning for financing needs and operational adjustments.
Bears Say
No Revenue BaseThe absence of TTM revenue means there is no operating income stream to support ongoing costs, undermining business model viability. Over several months this forces reliance on external funding and increases execution risk if revenue traction is not established.
Persistent Cash BurnSustained negative operating and free cash flow indicate ongoing cash outflows that must be financed. This persistent burn compresses runway, constrains investment in operations or exploration, and raises the probability of dilution or asset sales to meet obligations in the medium term.
Eroding Equity & Negative ReturnsA sharp decline in equity since 2021 and negative TTM ROE (~-18%) signal capital erosion from losses and likely dilution. This weak return profile limits capacity to self-fund growth, increases dependence on capital markets, and heightens shareholder dilution risk over the coming months.
Spruce Ridge Resources News
SHL FAQ
What was Spruce Ridge Resources Ltd’s price range in the past 12 months?
Spruce Ridge Resources Ltd lowest stock price was C$0.04 and its highest was C$0.72 in the past 12 months.
What is Spruce Ridge Resources Ltd’s market cap?
Spruce Ridge Resources Ltd’s market cap is C$90.44M.
When is Spruce Ridge Resources Ltd’s upcoming earnings report date?
Spruce Ridge Resources Ltd’s upcoming earnings report date is Mar 26, 2026 which is in 9 days.
How were Spruce Ridge Resources Ltd’s earnings last quarter?
Spruce Ridge Resources Ltd released its earnings results on Dec 23, 2025. The company reported C$0.002 earnings per share for the quarter, beating the consensus estimate of N/A by C$0.002.
Is Spruce Ridge Resources Ltd overvalued?
According to Wall Street analysts Spruce Ridge Resources Ltd’s price is currently Overvalued.
Does Spruce Ridge Resources Ltd pay dividends?
Spruce Ridge Resources Ltd pays a Notavailable dividend of C$0.012 which represents an annual dividend yield of N/A. See more information on Spruce Ridge Resources Ltd dividends here
What is Spruce Ridge Resources Ltd’s EPS estimate?
Spruce Ridge Resources Ltd’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Spruce Ridge Resources Ltd have?
Spruce Ridge Resources Ltd has 226,096,800 shares outstanding.
What happened to Spruce Ridge Resources Ltd’s price movement after its last earnings report?
Spruce Ridge Resources Ltd reported an EPS of C$0.002 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of Spruce Ridge Resources Ltd?
Currently, no hedge funds are holding shares in TSE:SHL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Spruce Ridge Resources Stock Smart Score
Neutral
1
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4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
166.66%
12-Months-Change
Fundamentals
Return on Equity
-18.39%
Trailing 12-Months
Asset Growth
-11.21%
Trailing 12-Months
Company Description
Spruce Ridge Resources Ltd
Homeland Nickel, Inc. is a mineral exploration company, which engages in the acquisition, exploration and development of exploration, and evaluation properties. Its projects include Cleopatra property, Red Flat Nickel property, Eight Dollar Mountain, Shamrock property, and Benton option. The company was founded on April 4, 1989 and is headquartered in Toronto, Canada.
Technical Analysis
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Options Prices
Currently, No data available
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